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Housing affordability 'a threat to nation'

Discussion in 'Real Estate' started by Simon Hampel, 24th Nov, 2009.

  1. Simon Hampel

    Simon Hampel Co-founder Staff Member

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    Housing affordability 'a threat to nation' - ABC News (Australian Broadcasting Corporation)

     
    Last edited: 17th Sep, 2016
  2. Jacque

    Jacque Team InvestEd

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    It's a scary thing to read that 70% of renters (at least in VIC) are suffering rental stress ie: paying more than 30% of their gross income in rent. However, it's not surprising given the low vacancy rates and lack of investor activity in the market up until recently. This was surely predictable.

    Perhaps it's time the federal and state govts looked at reducing disincentives to private investors as well as encouraging schemes to larger bodies and organisations. Of particular concern is the lack of inner city and expensive suburb rental houses, given the huge holding costs to investors. Land tax alone is a turnoff, let alone other cashflow losses.