Browsing articles tagged with "Sarah Toohey Archives - Housing Stressed | Australians for Affordable Housing"
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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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Dec 6, 2011
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Interest rate cut delivers no joy to renters. More needed to deliver affordable housing

The Reserve Bank of Australia’s decision to cut interest rates by 0.25% to 4.25% is welcome news for the 36% of Australian households with a mortgage, however it won’t do much for the 29% of households who are renting, or the 32% who own their home outright.

AAH Campaign Manager Sarah Toohey said that the interest rate decision wouldn’t help those striving to buy a home either.

“Mortgage repayments are a function of interest rates and how much people have to borrow, so interest rates are only half the picture. The fact is that people have to borrow more just to get into the housing market. Governments need to look at the structural problems that drive up house prices.” said Campaign Manager Sarah Toohey.

“According to data from  the Reserve Bank of Australia, households are paying more of their income on housing interest payments now than they were back when interest rates were at 17%. That’s because households have had to borrow more to get into the housing market”.

Continue reading »

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Nov 23, 2011
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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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Nov 7, 2011
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Seriously housing stressed in SA: the most stressed Adelaide suburbs revealed

Australians for Affordable Housing is urging South Australians to campaign for more affordable housing as it launches new data on where housing stress is hitting Adelaide the hardest.

New research commissioned by the campaign shows the suburbs where both renters and home purchasers struggle with high housing costs. Continue reading »

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Nov 7, 2011
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Seriously Housing Stressed in SA: The most stressed Regional towns revealed

Housing stress is not just an inner city problem, but extends to regional towns, where increasing numbers of South Australians are experiencing housing stress.

New research commissioned by AAH shows just where renters and home buyers struggle with high housing costs. Continue reading »

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Oct 27, 2011
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After the stimulus, affordable housing will decline

In the decade from 2001 to 2010 Australia grew by over 1 million households, but lost 5,308 social housing properties.

This is contributing to housing stress in the rental market, where one in four renters are in housing stress.

While the Federal Government’s Nation Building Stimulus gave a much-needed boost to social housing, this funding is set to run out next year.  Continue reading »

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Oct 26, 2011
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High housing costs force troubling trade offs

The high cost of housing is forcing families to make troubling trade-offs, including delaying having children because they can’t get into home ownership or secure rental housing.

Reports of house prices and economic fears driving Victoria’s fertility rate to the lowest in the nation indicate that the housing crisis has wide reaching ramifications.

The problem of housing affordability is indeed  a wide-reaching one.

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Oct 24, 2011
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New report on housing stress

New research shows that more than one in ten households face housing stress.

Australians for Affordable housing commissioned the National Centre for Social and Economic Modelling (NATSEM) to update rates of housing stress across the country.

The report, entitled Housing Costs Through the Roof: Australia’s Housing Stress shows how housing stress plays out in each state.

Nationally, 850,000 households  are at risk of financial hardship and poverty after paying for housing costs.

To download the full report, with statistics on each state, click the link below.

Housing costs through the roof

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Oct 20, 2011
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Housing costs are the single biggest concern for insecure workers

A survey conducted by the Australian Council of Trade Unions (ACTU) reveals that housing costs are the single biggest concern for workers in insecure employment, reinforcing the need for action on affordable housing.

I delivered a speech at the Anti Poverty Week Roundtable today hosted by the Australian Services Union Conference  examining the housing stress and financial hardship that insecure work and high housing costs can create.

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Sep 28, 2011
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Expert panel to reform our social housing system – a good first step towards affordable housing

Today we have welcomed the Federal Government’s announcement of an expert panel to advise on improving the social housing system.

This is a very positive step towards delivering a housing system that works for everyone and we look forward to the expert panel coming up with solutions to get more people in to affordable housing.

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