Browsing articles in "NSW News"
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Apr 16, 2013
joelpringle

NSW Government cuts funding for affordable housing

The white paper into NSW planning system, released today, proposes to ban developer contributions for affordable housing, a key funding source used by a number NSW Councils to support low-income and vulnerable families in maintaining family and other supports in their local communities. Continue reading »

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Feb 12, 2013
joelpringle

First home owners pushed out

Today’s Australian Bureau of Statistics release of housing finance data shows that first home buyers are being left behind in the housing market, according to Australians for Affordable Housing.

“The months leading into the end of 2012 saw a marked decline in the proportion of first home buyers, compared to other home sales. Recent falls in interest rates seem to have benefited investors, but have left first home buyers cold.” Said Joel Pringle, Campaign Manager for Australians for Affordable Housing. Continue reading »

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Jun 22, 2012

Rents and mortgages squeeze incomes: Census 2011

Data just released from the 2011 Census confirm what we already know: that rents and mortgages in Australia have grown faster than incomes, squeezing household budgets. Continue reading »

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Jun 12, 2012

NSW a mixed bag for housing affordability

Today’s Budget by the New South Wales Government takes two steps forward and one step back on housing affordability said Australians for Affordable Housing today. Continue reading »

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Apr 4, 2012
admin

McKell report shows the way for Federal Government housing policy: AAH

Australians for Affordable Housing has welcomed the McKell Institute’s report into housing affordability today and called for greater debate at the national level.

The McKell Institute today released their Homes for All – The 40 things we can do to improve supply and affordability report into the state of Sydney’s housing market.


AAH Campaign Manager, Sarah Toohey said the report offered a frank assessment of the housing affordability crisis and provided 40 realistic recommendations to improve rental and housing costs.

 

“The McKell report’s recommendations however should not just be applied to Sydney. Housing affordability is crippling the entire nation, and it’s only logical to have a national housing plan.


“The reality is, only the kind of comprehensive, whole of housing system approach outlined in the McKell report will fix Australia’s housing crisis.

 

“It’s no good cherry picking one or two recommendations, the whole housing system is broken, and we need a comprehensive plan to fix it.


“Refreshingly the report recognises of the role of public housing in a well functioning housing system. Australians for Affordable Housing have called for a $2.5 billion a year Affordable Housing Growth Fund, which would support the innovation in the public housing sector suggested by the McKell institute, and build 100,000 properties over the next five years,” Ms Toohey said.

 

 Australians for Affordable Housing is a coalition of national housing, welfare and community sector organisations working to highlight the problem of housing affordability in Australia. For more information visit www.housingstressed.org.au

Spokesperson: Sarah Toohey, 0427 563 989 Media enquiries: Stephanie De Campo, 0432 828 004 Follow AAH on Facebook and Twitter: @housingstressed

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Mar 30, 2012
admin

“Critical” Public Housing System Demands Immediate Government Attention

Australians for Affordable Housing is urging Federal and State Governments to immediately inject funding into the public housing system and develop a long term strategy, following the release of the Victorian auditor general’s report that labelled the systems situation as “critical”.


The Victorian auditor general’s report says the public housing sector is losing money, with costs 42 per cent higher than revenue. They report forecasts a $115.1 million funding black hole by 2015 and recommends the funding model be changed.

 

AAH Campaign Manager, Sarah Toohey said the report’s results were a wakeup call to the Federal and State Governments whose investment in the sector has declined significantly.

 

“The reality is, you cannot run a system without appropriate funding. The report’s finding that the system is in a “critical” state is not that surprising given the Federal Government’s spending in this area has declined by 41 per cent over the past 15 years.

 

“The Department of Human Services has failed to develop an over-arching strategic management plan to-date and must make this an immediate priority.

“This problem is not isolated to Victoria.  We’ve seen recent reports of a $300 million backlog in public housing maintenance in NSW, with residents reporting incidents of water running down walls, holes in the roof and cracked ceilings.

“We need the Federal Government to commit to an Affordable Housing Growth Fund, with an annual allocation of $2.5 billion a year from the 2013-14 Budget to provide 100,000 affordable homes over five years,” Ms Toohey said.

 

Australians for Affordable Housing is a coalition of national housing, welfare and community sector organisations working to highlight the problem of housing affordability in Australia. For more information visit www.housingstressed.org.au

Spokesperson: Sarah Toohey, 0427 563 989 Media enquiries: Stephanie De Campo, 0432 828 004 Follow AAH on Facebook and Twitter: @housingstressed

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Jan 27, 2012
admin

AAH discusses sydney housing stress on radio 2UE

AAH Campaign Manager, Sarah Toohey spoke with 2UE’s David Oldfield last week about whether there is a housing affordability crisis in Sydney.

Click here to hear the interview in full.

You can share your experiences with housing stress in our comments section below.

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Jan 19, 2012
admin

Canberra, Perth and Sydney renters at the mercy of a dysfunctional property market as rents rise. AGAIN.

Australians for Affordable Housing (AAH) said new figures showing rent rises well above inflation in Canberra, Perth and Sydney in the December 2011 quarter show that despite low or no growth in house prices, Australia has a housing crisis that is negatively impacting on low and middle income earners.

“Once again our nation’s capital tops the table with their already high rents rising 6.4% in 2011 while Perth at 5.3% and Sydney at 4.2% aren’t far behind. Once again renters are being squeezed by the housing affordability crisis”, said AAH Campaign Manager Sarah Toohey responding to figures from Australian Property Monitors and published in today’s Australian.

“Despite what many commentators call an ‘easing’ in housing affordability, these figures show that if we leave it to the market rents will continue to rise and tenants will continue to suffer record rates of housing stress.

Housing stress figures commissioned from NATSEM by Australians for Affordable Housing show that rates of housing stress for renters are double those with a mortgage.

“When more than a quarter of private renters are already in housing stress I worry deeply about their capacity to afford rent increases the size of which we’ve seen in the last year.

For low income households, these rent increase mean having to move or struggling to put food on the table, for middle income households it makes saving for a deposit harder, putting the dream of home ownership further out of reach,” said Sarah Toohey.

“We must see action from Governments in 2012 to make housing more affordable and we will be holding Governments to account to ensure that they do.”

 Australians for Affordable Housing is a coalition of national housing, welfare and community sector organisations to highlight the problem of housing affordability in Australia. For more information visit www.housingstressed.org.au

Spokesperson: Sarah Toohey, 0427 563 989
Media enquiries: Stephanie De Campo, 0432 828 004

Follow AAH on Facebook and Twitter: @housingstressed

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Jan 18, 2012
admin

AAH news published over the holidays

 

QLD

Foreclosures rise as more borrowers fail to repay

(Brisbane Times 3-1-12)

LINK TO STORY

 

NSW

Bucking the repossession trend

(Forbes Advocate 10-1-12)

LINK TO STORY

Hunter repossessions rising

(Newcastle Herald 4-1-12)

LINK TO STORY

Foreclosures rise as more borrowers fail to repay

(SMH- Domain 3-1-12)

LINK TO STORY

10pc of households in poverty risk

(Cowra Community News 24-12-11)

LINK NOT AVAILABLE


WA

Housing shortages to worsen in WA

(Perth Now- Business 21-12-11)

LINK TO STORY

Port, city markets suffer stress

(Kalgoorlie Miner 19-12-11)

LINK NOT AVAILABLE


National

Property expert dismisses housing shortage report as “spin”

(Smart Company 22-12-11)

LINK TO STORY

Housing shortage jumps as supply fails to keep up

(The Age/ SMH 21-12-11)

LINK TO STORY

LINK TO STORY

New report finds creating affordable housing must be a priority

(My Suburban News 21-12-11)

LINK TO STORY


International

Fears mount over health of Australia’s housing market
(BBC News- Business 29-12-11)

LINK TO STORY

 

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Nov 23, 2011
admin

Sydney housing stress soars. Top 5 housing stressed suburbs revealed

Australians for Affordable Housing (AAH) today revealed the extent of housing stress across Sydney, and the top five housing stressed council areas.

New modelling commissioned by AAH shows the Sydney Local Government areas where renters and home purchasers are struggling with high housing costs – and the figures are dire.

AAH Campaign Manager Sarah Toohey said that people in Auburn suffered most with 28% experiencing housing stress, while Fairfield had the highest proportion of people experiencing both mortgage stress (34%) and private rental stress (51%).

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