Shifting the cost of welfare housing on to developers won't fix anything
Tagged: housing affordability
Access to super for housing deposit won’t cause house price rises
Reality contradicts the “sophisticated” models
“Sophisticated modelling” by the Super Member’s Council released today purports to show that allowing Australian’s to access their money in their super accounts to buy a first home would inflate house prices by an average of $75,000.
According to AIP Executive Director, this modelling is rebutted by the facts.
Housing Affordability Index Q3 2023
Overall housing is now twice as unaffordable in terms of repayments, and almost as unaffordable in terms of deposits as it was in the 10 years between 1994 and 2004, which is 100 on our model. Our index for repayments is currently at 209.77 and for deposits at 191.5.
Capping rents will make things much worse
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.
Rule out changing 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.
Housing Affordability Index Q3 2022
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 price falls likely to be between 18 and 32 per cent
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.
Interest rates go up faster than house prices decline
Despite interest rate rises, house prices have retained most of their value, which has led to a decrease in housing affordability across Australia.
Queensland Housing Summit too little, too late
The Queensland Housing Summit was an admission of failure and did nothing to address the real problems in housing affordability in Queensland.
Housing Affordability Index March 2022
Housing repayments were more affordable in the first quarter this year than the last quarter in 2021, but interest rate hikes since then will reverse this.