Browsing articles in "WA News"
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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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May 18, 2012

WA budgets for a good start on housing

Australians for Affordable Housing have welcomed the Western Australian Government’s commitment to affordable housing in yesterday’s budget. Continue reading »

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Jan 19, 2012
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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
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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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Dec 13, 2011
admin

Housing stress in regional WA revealed

The extent of housing stress across regional Western Australia has today been revealed by Australians for Affordable Housing (AAH).

Denmark is the hardest hit, with 20 per cent of households experiencing housing stress, Sarah Toohey, AAH Campaign Manager announced today.

“Renters are doing it even tougher than those with a mortgage. More than 40 per cent of renters in Narrogin, Toodyay and Denmark are experiencing housing stress,” Ms Toohey said.

“The problem isn’t unique to these areas, with Quairading, Nannup, Boyup Brook, Pingelly, Mount Marshall and Mukinbudin also facing significant mortgage stress. This highlights that it’s not just the high housing prices in mining communities that we need to worry about but levels of housing stress across the State.

Continue reading »

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Dec 13, 2011
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Perth’s Housing Stress: Top 5 housing stressed suburbs revealed

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

New modelling commissioned by AAH shows the Perth local government areas where renters and home buyers are struggling with high housing costs – and the figures are dire.

“The high cost of housing in Perth is not new, but these figures show where the pain is being felt” said AAH Campaign Manager Sarah Toohey.

“Households in Kwinana are suffering the most with 20% experiencing housing stress, while Mandura has the highest proportion of people in the rental market in housing stress (42%)”.

“Areas such as Kwinana, Armadale, Mandurah and Wanneroo all have rates of rental stress over 36%, as well as high rates of mortgage stress with over 17% of home buyers in those areas under financial pressure”.

Continue reading »

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Sep 22, 2011
admin

How is housing affordability affecting your state?

On Monday, we released the analysis ‘Australia’s broken housing system’ [linked], revealing that housing costs are not only the biggest cost to household budgets, but also the fastest rising. Housing costs have increased an average of 55% over the last six years.

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