A record jump in Sydney rents has prompted an urgent call to action from social housing activists. The harbour city posted its fastest quarterly and annual rise in rents, pushing the median price for a unit to $670 (US$445) a week, according to figures from Domain’s June rent report. Community Housing Industry Association NSW chief…
Promise for Renters’ Rights to Be on National Agenda
The rights of renters will soon be considered by the national cabinet but the federal government has rejected a Greens proposal to cap rent increases, saying they “don’t work.” In the midst of a housing crisis across the country, the Greens last week successfully deferred a Labor bill to establish a Housing Australia Future Fund until…
Australian PM Announces $2 Billion in Social Housing Investments
Australian Prime Minister Anthony Albanese announced a $2 billion (US$1.4 billion) injection into social home investment across the country as the federal government continues attempts to pass its “Housing Australia Future Fund” bill. The $2 billion Social Housing Accelerator payment will be delivered to all states and territories in the next two weeks. “Every Australian…
Public Housing in Inner Sydney to Undergo Redevelopment
A major public housing site in inner-city Sydney is to be redeveloped to deal with escalating numbers of people sleeping rough. The Glebe area has recorded a 23 percent increase in residents forced to take refuge in cars or on the streets. Tenants of public housing apartments at 82 Wentworth Park Road in the suburb…
Crossbench Under Pressure to Agree to Labor’s $10 Billion Social Housing Fund
Crossbenchers in the senate are under pressure to pass the Australian Labor government’s $10 billion (US$6.7 billion) housing fund bill through the parliament this week after negotiations between the crossbenchers and the government derailed. The bill is an initiative by Labor to fulfil its election promise to build 30,000 social and affordable homes, and under the…
Labor’s Housing Bill at Risk of Defeat as Crossbench Demand More Social Housing Funds
March 21, 2023
admin
Affordable HousingAustraliaBusiness & Marketseconomic policiesGlobal Real Estatehousing fundInternationalreal estatesocial housingWorld
0 Comment
As the federal government tries to push through a swathe of new laws this fortnight, its $10 billion (US$6.7 billion) Housing Australia Future Fund is at risk of being shot down by the crossbench. Under Labor’s proposed law, a cap of $500 million a year will be applied to funding for building new social and…
Victoria Adds Just 74 New Public Dwellings Despite Multi-Billion-Dollar Program
March 17, 2023
admin
AustraliaBig Housing BuildBusiness & Marketseconomic policiesGlobal Real EstateInternationalMELBOURNEreal estatesocial housingvictoriaWorld
0 Comment
The Australian state of Victoria has added a slither of new social housing stock over the past four years, despite introducing a multi-billion-dollar program to boost social housing. The latest annual report by the Victorian Department of Families, Fairness and Housing revealed that the state had a total social housing stock of 86,887 dwellings by…
Australian Government Introduces $10 Billion Fund to Tackle Social Housing Issues
The Australian government has introduced a $10 billion (US$6.95 billion) package to address the lack of social and affordable housing across the country, touting it as a “turning point” for Australian home ownership. On Feb. 9, the Australian government announced that it would table new legislation to the parliament to establish the Housing Australia Future…
Greens Call Federal Government’s Housing Accord a ‘Complete Con’
November 28, 2022
admin
Affordable HousingAustraliaaustralian housing marketBusiness & MarketseconomyGlobal Real EstateInternationalJim Chalmerspersonal financereal estaterecessionsocial housingWorld
0 Comment
The Greens party have accused the federal government of hustling Australians after an analysis by the Parliamentary Library alleged that only 2.02 percent of the one million homes promised under the National Housing Accord would be affordable. The National Housing Accord, announced on Oct. 25, by Treasurer Jim Chalmers, is a landmark agreement between the…
UK Councils and Housing Associations Face Unlimited Fines for Failing Tenants
Councils and housing associations could get unlimited fines if they are found to have provided damp, cold, and unsafe homes for tenants, under new legislation being laid before Parliament on Wednesday. The legislation is being introduced in the run-up to the fifth anniversary of the Grenfell Tower fire in Kensington, west London, which killed 72…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`