Category Archives: Housing

Chalmers admits he sought advice about changing negative gearing but says it is not on Labor’s agenda

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Treasurer says it’s ‘not unusual’ for governments to get advice on ‘contentious issues’ but stresses changes to housing tax breaks are not in the works

Treasurer Jim Chalmers has conceded he did ask his department for information about possible changes to negative gearing and capital gains tax concessions, but the government insists any reform to the controversial tax breaks are not yet on the agenda.

The Independent senator David Pocock said the government had multiple options to make the system more equitable through moderate changes while still protecting investments made by ordinary families.

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RBA warns two factors risk increasing number of Australians caught in mortgage struggle

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Vast majority of borrowers servicing their debts but arrears could grow if economy slows more than expected, bank says

The number of Australians in financial stress is “small” but will be “magnified” if the economy slows more than expected or interest rates linger higher for longer, the Reserve Bank has warned.

While overseas challenges – including a faltering Chinese economy – could also upset forecasts, Australia’s financial system continued “to display a high level of resilience”, the bank said in its semi-annual financial stability review.

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Opposition leader calls for university’s leaders to quit – as it happened

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The foreign affairs minister, Penny Wong, has joined an international push “to hold the Taliban to account” under the Convention on the Elimination of All Forms of Discrimination Against Women.

Wong says:

We know the women and girls of Afghanistan are effectively being erased from public life by the various edicts the Taliban … have issued.

The steps we are taking with Germany, Canada and the Netherlands are unprecedented. We are intending to use the Convention on the Elimination of All Forms of Discrimination Against Women, to which Afghanistan is a party, to take action.

If I can … say again to the Australian Lebanese community. This is a deeply distressing situation for so many of you. I know that there are many Australians in Lebanon. There are many Australians who have relatives, family and friends in Lebanon. I again urge Australians in Lebanon to leave now. There are flight cancelations and disruptions, and there is a risk that Beirut airport may close for an extended period of time.

Please do not wait for a preferred route. Please take the first option you can to leave. We continue to monitor the situation closely. We have been working with partners on contingency plans now for many months but I again say to anyone who any Australian who is in Lebanon: please leave now.

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Several Labor MPs ‘open’ to reforms to negative gearing to address housing crisis

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Some politicians welcome a fresh and bold response to address affordability, while others wary of resurrecting a debate lost at the 2019 election

Some Labor MPs say the government shouldn’t be afraid of considering reforms to negative gearing, with several caucus members saying they were “open” to fresh and bolder responses to the housing crisis.

But others are wary of reopening a debate lost at the 2019 election, calling for caution amid concerns of an election scare campaign.

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NSW public housing official allegedly told woman she would get a home faster if she had sex with him

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Exclusive: Woman says she was ‘desperate’ to find a home for her and her child and was ‘preyed’ on by the staffer

Police are investigating a Homes New South Wales employee, who is alleged to have propositioned a woman on the waitlist for public housing, claiming that if she had sex with him he would arrange for her and her child to get into a home faster.

The woman, who is a survivor of domestic violence and had fled in order to escape her ex-partner, said the man sent her explicit text messages from his work phone and picked her up to take her for sexual encounters in his work car.

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Competition minister ‘concerned’ Australians pay most in world to sell their homes online

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Agents and critics claim business practices and pricing structure of REA Group - which owns realestate.com.au - stifle competition in market

The assistant competition minister, Andrew Leigh, says he is “concerned” Australians are paying the highest costs in the world to advertise their homes for sale online.

After a Guardian Australia investigation into the market power of the Murdoch-controlled REA Group – which owns realestate.com.au – Leigh said he wanted to see costs in the property market come down.

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Guardian Essential poll: Twice as many voters back Labor’s housing bills as oppose them

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Just 20% of Greens voters supported blocking the government’s Build to Rent and Help to Buy legislation

More than twice as many voters support parliament passing the federal government’s two stranded housing bills as want them blocked, including a majority of Greens voters, according to the latest Guardian Essential poll.

The survey of 1,117 voters found that 48% believe the Greens and Coalition should pass the Labor government’s Help to Buy and Build to Rent legislation, and argue for their own policies at the next federal election. Overall support for blocking the bills was at 22%, with 30% unsure and a margin of error of about 2%.

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Angela Rayner hints at major social housing announcement

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Deputy prime minister tells Labour conference she expects chancellor to make promise on building at spending review

Angela Rayner has given her strongest hint yet that Labour will announce a major package of social housebuilding in next month’s spending review, saying the party will have abandoned its “moral mission” if it fails to do so.

The deputy prime minister told an event at Labour conference on Sunday she expected the chancellor, Rachel Reeves, to make a promise on social housing next month, with the government under pressure to build hundreds of thousands more social homes.

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NSW to help renters avoid added app fees and make it easier to keep a pet

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Landlords will have to offer convenient ways to avoid extra charges when paying the rent

New South Wales renters will no longer be made to pay extra fees when they pay the rent and will have greater rights to keep a pet in a suite of reforms to be announced on Monday.

The state government plans to introduce legislation to modernise the state’s rental regulation into parliament in October.

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Why News Corp’s realestate.com.au can put fees ‘up and up and up’, according to ex-CEO

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Simon Baker says REA Group’s property portal is viewed ‘jealously’ by others around the world because the home-sellers pay the bills

A former chief executive of the News Corp-controlled realestate.com.au says the company views real estate agents as its “outsourced sales force”, outlining how home sellers have been targeted with ever-rising advertising costs.

Simon Baker, who was chief executive of REA Group from 2001 to 2008 and now works as a consultant in the property tech industry, says the “vendor-paid” advertising market operating in Australian real estate is rare globally.

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‘Planning passports’ that automatically approve high-quality new homes will be a game-changer, says Keir Starmer

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Labour wants to see apartment blocks built in more densely populated cities to achieve its housing targets

A radical scheme to speed up the building of more apartment blocks in towns and cities – as opposed to individual houses and bungalows – has been announced by the prime minister on the eve of the Labour party conference.

Keir Starmer told the Observer in an exclusive interview that the new system of “planning passports” would be a “game-changer” as the government strives to build 1.5m new homes within five years.

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‘Stop doing dumb stuff,’ economist warns as housing affordability in Australia slips

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Saul Eslake says decades of ‘bad policies’ have inflated demand as report finds about 20% of households effectively ‘locked out’ of the market

Housing affordability has deteriorated over the past year to reach its worst level since records began in 1995. First home buyers now rely on wealthy families or high-income jobs to enter the market, according to the latest housing affordability report from PropTrack.

Driven by high mortgage rates and increasing home prices, affordability further deteriorated this financial year to the point where a median-income household earning about $112,000 could afford just 14% of homes sold – the smallest share since records began. This share has declined from 43% in just three years.

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NSW nurses and midwives announce strike – as it happened

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Australia’s ‘sex report card’ released

The latest Australian Study of Health and Relationships was revealed at a conference in Sydney this week held by the International Union Against Sexually Transmitted Infections.

Rent assistance went up by $25 and … average rents have gone up by more than $100. What might look like a big percentage increase is, frankly, fuck all, and that’s one of the reasons that this is so upsetting.

When CRA is indexed, the amount of rent that you have to pay before you get any rent assistance increases. So the proportion of your rent, where you qualify for it, reduces if you aren’t receiving the maximum payment.

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Coalition plan to give first home buyers access to super would benefit ‘those who already own housing’

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Saul Eslake report finds plan would cause Australian property prices to rise at a faster rate

The Coalition’s plan to allow first home buyers access to their superannuation would heavily favour older and wealthier people, with the median couple aged 25 to 34 likely to be able to withdraw only $18,000.

That is the conclusion of Saul Eslake, the principal of Corinna Economic Advisory, in a report commissioned by the Super Members Council which points to “six decades of evidence” that policies to boost housing demand “result in more expensive housing to the benefit of those who already own housing”, rather than boosting ownership.

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Labor push for vote on help-to-buy bill delayed in Senate – as it happened

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White House marks three years since signing of Aukus agreement

Happy three-year anniversary of the signing of Aukus, to those who observe.

Three years ago, President Biden and our Australian and United Kingdom partners committed to Aukus, an enhanced security partnership that promotes a free and open Indo-Pacific that is secure and stable.

As this partnership has grown, it has strengthened the security of our allies in the region as well as our own security here at home. Over the past three years, our countries have made significant strides in supporting Australia’s acquisition of a conventionally armed, nuclear-powered submarine capability.

That is bad news for Australian solar homes.

To create space for inflexible nuclear power plants ramming energy into the grid, millions of household solar systems will be the first casualty.

Solar power is already being switched off in South Australia when it makes so much free power available that it exceeds electricity demand.

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Revealed: criminals and unlicensed agents operating across Australia’s real estate sector

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Revelations come amid federal government push for additional scrutiny of sector through counter-terror financing and money-laundering laws

Convicted criminals and unlicensed agents are operating in the real estate sector across multiple states, a Guardian Australia investigation has found.

In New South Wales, the Guardian has established that two individuals convicted of dishonesty offences have been allowed back into the industry well within the usual 10-year prohibition, and that gaps in the law mean convicted money launderers are able to find their way back into the industry.

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Politics live: Senate question time spars over housing and the economy; plan for Australia to build rocket motors for ‘world’s most advanced missiles’

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Albanese says it’s a ‘good thing’ Trump is safe after apparent assassination attempt

Anthony Albanese has responded to news about an apparent assassination attempt on Donald Trump.

Everyone wants the democratic process to be peaceful and to be orderly. This incident in the United States is of concern, again. It is good that President Trump has said that he is safe and that the incident, the details of which are still coming out, so it’s not quite clear all of those details but what is clear is that President Trump is safe. That is a good thing.

The first round of Labor’s Housing Australia Future Fund and National Housing Accord programs will deliver 4,220 social and 9,522 affordable homes, including 1,267 homes for women and children escaping domestic violence and older women at risk of homelessness.

In just the first round of these programs, the Albanese Government is directly supporting more social and affordable housing than the Liberals and Nationals did in their entire nine years in office.

Housing Australia has recommended contract negotiations for 185 projects, with construction on almost 40 per cent of the 13,742 dwellings forecast to get underway this financial year.

Round one of the programs’ funding will unlock $9.2 billion of investment in social and affordable housing across Commonwealth, State and Territory government, and the private and community housing sectors.

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Australians pay more than anyone in the world to sell their homes online

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Prices at the News Corp-controlled realestate.com.au can be as high as $4,000 for a single listing, prompting complaints from vendors, agents and industry disruptors

Australians are paying the most expensive advertising fees in the world to sell their homes online as a result of the market dominance of realestate.com.au and Domain, with the cost rising to as much as $4,000 for an inner-city listing.

The dominance of the News Corp-controlled realestate.com.au has prompted more than a dozen complaints to Australia’s competition watchdog, the Australian Consumer and Competition Commission, over the past decade from agents and industry disruptors, Guardian Australia can reveal.

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Fewer than one in five UK voters are ‘hard nimbys’, finds survey

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Pro-building Labour group hopes study will spur on major planning reform and government drive to build 1.5m homes

Fewer than one in five voters are “hard nimbys” who are opposed to local housebuilding under almost any circumstances, according to polling by YouGov that will give a boost to the government in its aim of building 1.5m homes this parliament.

An MRP model based on a 12,000-person survey shows between 15% and 20% of British voters would almost never support housing developments near them, with the rest willing to do so if certain conditions are met.

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‘The moment has come’: pro-building Labour yimbys are set to raise the roof

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Proponents of more homes, turbines and infrastructure – even on the green belt – prepare for rally at party conference

On the Sunday night of Labour conference, one rally is expected to attract the biggest crowd of the season. Its theme is a subject that was once deemed one of the most difficult in politics – yimbyism.

Yimby stands for “yes in my back yard” – a play on the traditional nimbys, who have been a dominant force in British politics where planning has been one of the thorniest battlefields. It is a campaign for more housebuilding, more turbines, more infrastructure, even on once-sacred spaces such as the green belt.

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