Yesterday
NIMBY v YIMBY as Victoria’s housing crisis grows
A Melbourne council’s plan to increase “vibrancy” by prohibiting apartment developments unless they allow commercial space has been lashed by developers.
- Gus McCubbing
- Opinion
- Property development
Why renters face a perfect storm
Surging Australian rental prices compounded by record low vacancy rates and falling building approvals translate into a housing supply crisis.
- Jennifer Hewett
This Month
Four key Melbourne suburbs haven’t built a major project in five years
Developers are warning that overhauling planning powers alone won’t be enough to fix the state’s chronic housing crisis.
- Gus McCubbing
Rents rise 11pc in Victoria as investors flee: NAB
Victorian property investment declined last year while advertised rents increased by 11 per cent, according to new data from NAB.
- Gus McCubbing
March
First tender surge for Housing Future funds
Public housing waiting lists make it crucial to expand funding beyond an initially planned 8000 homes, investors say.
- Michael Bleby
The zoning tweak that could deliver 20,000 new homes in Sydney
Faith-based groups control almost 2500 parcels land across the state, of which almost 750 are within walking distance of train stations and shops
- Samantha Hutchinson
These micro apartments go for $395 a week. Renters can’t get enough
The German-inspired “micro” apartments are in one of the city’s hippest suburbs. And renting for $395 and $440 a week.
- Samantha Hutchinson
The state with the highest rent rises
The poorest households need to pay more than 25 per cent of their pre-tax income to afford any rental housing nationally, according to a new report.
- Campbell Kwan
‘I don’t own five houses, I own five debts’: Vic investors sell up
The rise in Victorian land taxes, council fees and interest rates is forcing many investors to turn to Queensland and WA, which they say offer far better returns.
- Gus McCubbing
- Exclusive
- Property investment
Soaring rents put 800,000 tenants at risk of being displaced
Vulnerable renters face the prospect of being displaced from their current suburbs by wealthier tenants as rents soar to new peaks, a new report shows.
- Nila Sweeney
Downsizers are selling homes at big discounts – to their kids
A nurse was struggling to find a first home, so her retired parents offered to sell her theirs at a heavy discount. Real estate agents say it’s a trend.
- Duncan Hughes
Tax rise ‘last nail in the coffin’ for Victorian property investors
Melbourne property manager Carmen Littley says she has lost 52 investor clients since landowners were slugged in the most recent state budget.
- Gus McCubbing
- Exclusive
- Build-to-rent
Sentinel adds 240-unit Adelaide project to BTR pipeline
Momentum is picking up, one development at a time, in the housing type that could reshape the country’s housing market.
- Michael Bleby
February
Victoria ‘overly reliant’ on stamp duty, industry warns
The Real Estate Institute of Victoria has urged the Allan government to cut stamp duty and consider introducing tax incentives for long-term rental properties.
- Gus McCubbing
Where landlords are amassing up to $56k extra rental income a year
The sharp decline in vacancies amid strong demand rewarded landlords with tens of thousands of extra rental income in the past 12 months.
- Nila Sweeney
Sydney could become a ‘city with no grandchildren’
Adding just three storeys to apartments built in the past six years could have saved Sydney renters as much as $1800 a year.
- Samantha Hutchinson
The real reason houses are so expensive - and it’s not negative gearing
Increasing supply by lifting planning restrictions has been proven to spark huge increases in construction and reductions in housing costs.
- Nila Sweeney
January
How retailers adapt to the crunch
Charles-Eddy Vitry shut down his record store’s physical shopfront in December to go online only after sales plummeted and his rent increased by 20 per cent.
- Gus McCubbing
Atlanta’s squatter problem is vexing Wall Street landlords
A lack of affordable housing has spurred a surge in squatters, creating havoc for build-to-rent landlords in the US.
- Michael Sasso and Patrick Clark
- Opinion
- Housing crisis
How to fix the housing supply nightmare
Housing has become an election fault line in Australia. But there are policy initiatives that could go a long way to retrieving the situation.
- Mike Zorbas