Australians’ household debt levels are world leading. We pay about five-six times our household disposable incomes for our average dream home. This won’t end well.
Housing affordability
Housing boom: where the shortage myth is relevant
The days of endless capital growth in housing must come to an end. If rental yields don’t increase substantially, the current level of housing is unsustainable.
Irvine: Buying a house just a dream once more
Australian home prices rose 11 percent in the first 11 months of last year. Interest rates are tipped to rise again. A typical first home buyer needs a deposit worth one year of their income. The housing affordability crisis is back, warns Jessica Irvine.
First homes: young buyers continue to flock to the market
Those who thought that the gradual reduction in the first home-owner’s grant in September would cool the first home-buyer market have, for the time being, been proved mistaken.
Gittins: Poor little Aussies with their beach house and 3 car garage
We’re spending all our money on building new huge houses or doing fancy renovations. So quit whinging about your mortgage and the government raising interest rates and go count the bathrooms in your holiday house, says Ross Gittins.
Schwab: Joye brings himself no joy with coloured views
Property may be fairly priced and “Conflicted Chris” Joye may well be right — but it’s a shame though that he isn’t able to articulate a single coherent argument to support his theory, writes Adam Schwab.
The facts on housing? You can’t handle the facts
Christopher Joye takes on Crikey’s Adam Schwab, writing that the frustrating truth is that the hard facts on housing do not support their hyperbole.
How to stop houses being so damn expensive
Australia needs a solution to its rising house prices, which have jumped dramatically thanks to the laws of supply and demand, writes Tom Elliot. Is reducing immigration the answer?
Aussie mateship: buying homes together
Okay, so obviously the First Home Owners Grant just pushes up the price of real estate, but if you are still interested in cashing in on it, consider buying a home with a friend. Just pay attention to the legal nitty gritty.
Political snippets: Will the housing boom continue?
Home owners mini-boom bubble to burst? Global warming by any other name, don’t worry about the features, check the news.
ABS housing figures: first home buyers boom goes through the roof
The boosts to the first home buyers grants for new and existing housing have had a dramatic impact on levels of demand in the housing sector.
Crikey Counterpoint: the Australian property market
Australia’s residential property market delivered a resilient performance during the first quarter, with the RP Data-Rismark National Dwelling Value Index rising 1.6%, writes Christopher Joye. Poppycock, says Adam Schwab.
First home owner grant: just making vendors richer
The first home owners grant, especially in its boosted form, is not a policy which benefit first home buyers, but one which will lock them into a lifetime of possibly unserviceable debt.
First Home Buyer Grant working for whom?
The first home buyers grant has gone straight into higher house prices, writes David Ember.
Richard Farmer’s political bite-sized meaty chunks
Rudd a reluctant bank critic … Back to their best … The vanquished and the victor.
RBA leaves rates on hold
Signs that global economic activity is easing are unlikely to have a big impact on interest rates either here or overseas in the immediate term, writes Glenn Dyer.
House prices are falling … it’s official
The ABS figures on Australian house prices for the June quarter confirm what we all know, writes Glenn Dyer.
Your Say: Daily Mail readers' feedback: Comments, corrections, clarifications, and c*ckups
Alexander Downer … ABC Learning … Gippsland … the National Film and Sound Archive … offensive words and censorship …
Gippsland votes against the tough decisions
What a shock result in Gippsland! A deeply rural electorate, one that repeatedly re-elected the profoundly thick Peter McGauran, has returned a Nationals candidate yet again, writes Bernard Keane.
Briefly Business: Property, gloom in june, TiVo
Insider trading … Property moves … Gloom in June … $699 for a TiVo — tell ‘em they’re dreaming.
Your Say: Daily Mail readers' feedback: Comments, corrections, clarifications, and c*ckups
The housing affordability crisis … Brendan Nelson and the Democrats … Zimbabwe …polygamy … climate change …
Fixing politics: the housing affordability crisis
Housing affordability in Australia is one of those big, complex issues that governments find so difficult.
FY08: less than a bottler for our finance “experts”
There are good years, there are bad years, and then there is financial year 2008. Adam Schwab casts his eye over bad year in the life and times of our finance experts.
Your Say: Daily Mail readers' feedback: Comments, corrections, clarifications, and c*ckups
Urban Taskforce Australia … housing affordability … inflation … the Anglican church … Melbourne can live without the F1 …
Ten really clever ideas for fixing inflation
There are more cures to Australia’s economic ills than the new government is letting on. Thomas Hunter asked a group of leading economists for their ideas on lowering inflation and reassuring the stockmarket.
