The Queensland government should scotch any idea of capping rentals if they want to help people searching for a house to rent, and actually do something, rather than convening more housing summits.
Voters are unenthusiastic about the choice between the government and the opposition and moderately unenthusiastic about the direction of the state. Cost of living is the major issue, which includes housing affordability and the cost of electricity.
It’s time for the prime minister to step up and rule out tinkering with the housing market and get on with the job of creating more supply. In particular he must rule out any changes to negative gearing.
It’s time for the prime minister to step up and rule out tinkering with the housing market and get on with the job of creating more supply. In particular he must rule out any changes to negative gearing according to the Australian Institute for Progress.
The AIP Housing Affordability Index for the September Quarter 2022 has been released. It shows record repayment unaffordability over the history of the index although it is a little easier to save the deposit.
House prices could fall by somewhere between 18 and 32 percent by June 2023 according to modelling using the AIP’s Housing Affordability Repayments model.
Despite interest rate rises, house prices have retained most of their value, which has led to a decrease in housing affordability across Australia.
The polling shows Premier Daniel Andrews in a winning position, but with potential for votes to escape to the Greens, Teals, and perhaps even some Liberals.
The takeout from focus group polling is that the Victorian premier is expected to win – which leaves plenty of scope for voters to send a message.
The Queensland Housing Summit was an admission of failure and did nothing to address the real problems in housing affordability in Queensland.