Most of the budget’s housing measures shuffle the queue, rather than increase the number of homes.
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Inflation and wage rises used to shrink the repayment burden. We’re being granted mortgages as if they still will.
Charging for rezoning is a move other states should follow, as are land taxes. Stamp duty hikes, not so much.
Without making housing supply the priority, the government’s tax-based policies create more objectives than they can reasonably achieve.
Canadian residential real estate and farmland have historically proven to be strategic hedges against inflation.
Australian data suggest that prices do not fall when zoning is relaxed.
The pandemic has had unexpected effects on the housing market, causing a rush to sell. But is this the right moment?
Working waterfronts are a key link between consumers and seafood, but are increasingly threatened by developers. Policies need to ensure that waterfronts remain accessible to seafood harvesters.
Its “opt-in” proposal means some homeowners will never switch over and will never pay land tax.
Innovation means creating and capturing value from new things. And it’s better for the Kiwi economy if investment in that innovation grows local industries and creates jobs.
Trump was the first US president from New York City since Teddy Roosevelt, but he was never a hometown hero. City residents celebrated after Biden’s win and again after Trump’s conviction.
New research shows homes in white areas have appreciated $200,000 more since 1980 than similar homes in nonwhite areas – a result of both old racist housing policies and modern real estate practices.
In some quarters, the median Sydney home earns more from capital gains than the median worker earns from wages. Now’s a good time to wind back the measures that push prices up.
Corporations provide security in the form of long-term leases.
At a time when so many are struggling, cutting stamp duty and helping the well off might seem like a strange move.
It’s time to reform stamp duty, one of the most inefficient and distorting taxes collected by Australia’s state and territory governments.
It’s not easy to choose between the costly hassle of renovating and the expensive upheaval of selling up, and buying a new property.
It’ll have to fund tens of thousands of homes that were going to be built anyway before it creates a single extra house.
At the moment, buying a house with a “history” falls under the “buyer beware” provision. But changes to Victorian law shift the onus to estate agents to disclose “stigmatised” property.
Millions of Australians are struggling with unaffordable housing. It’s a systemic problem that’s been decades in the making, and only concerted system-wide reforms will fix it.
Top contributors
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PhD Candidate, Swinburne University of Technology
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Program Director, Housing and Economic Security, Grattan Institute
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Visiting Fellow, Crawford School of Public Policy, Australian National University
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Head of Urbanism and Associate Professor of Urban Studies, School of Architecture, Design and Planning, University of Sydney
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Emeritus Professor of Housing, UNSW
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John Curtin Distinguished Professor, Curtin University
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Research Fellow - Henry Halloran Trust, University of Sydney
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Scientia Professor of Economics, UNSW
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Associate Professor, Hill and Levene Schools of Business, University of Regina
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John Curtin Distinguished Professor, Curtin Business School, Curtin University
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Professor, Real Estate, Université du Québec à Montréal (UQAM)
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Professor, Centre of Policy Studies and the Impact Project, Victoria University
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Senior Lecturer in Economics | Freelance Consultant, Sheffield Hallam University
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Lecturer in Global Urban Development, University of Manchester
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Professor, Department of Economics, The University of Melbourne