debt mouse wheel and housing affordability

The Debt Mouse Wheel and Australia’s Housing Affordability Dilemma

Last night’s 4 Corners ABC Broadcast on the state of housing in Australia and a possible bubble burst deserves a blog post.  Let’s be really clear on the most important issue. Mortgage brokers, property developers and lending businesses are not financial planners or retirement specialists. This means even if they approach you, you should NEVERRead More

Aug 22, 2017

Housing Affordability Wake Up Call: More People Now Rent than Own Outright in Over 150 Local Government Areas

The latest 2016 Census results reveal that across Australia the number of people renting accommodation has continued to increase because successive governments at State and Federal levels have failed to address the problem.  Renters now outnumber owners without a mortgage and are just behind owners with a mortgage in over 150 Local Government  Areas. TheRead More

Aug 01, 2017

Census confirms housing affordability crisis: Increasing number of rental households and Australians living within them, still no coordinated Government Housing Policy on the horizon

The latest 2016 Census results reveal that an increasing number of Australians are living in rental accommodation, rather than paying off or owning their own home. This phenomenon appears within every state and territory in Australia and as the table below shows, in just five short years, an extra 261,740  homes are now being rented,Read More

Jul 17, 2017
Housing Affordability Statistics - Australia

Insipid statistics: How housing affordability statistics hide the shameful truth about home ownership in Australia.

By Robert Snell, Certified Financial Planner and Housing Affordability Expert. Sometime ago, I can’t pin point when it actually happened, politicians, analysts and journalists changed the way they reported on housing affordability statistics. Since then it’s hard to find any commentator who believe young Australians aren’t facing a housing affordability crisis. At its most basicRead More

Jun 09, 2017
First Home Buyers

NSW First Home Buyer Policy released. What does it mean for Gen XY and will it work?

The NSW State Government has announced its First Home Buyer Policy to help Generation X & Y buy their first home. The policy is a part of the NSW State Budget, due to be handed down on 20 June. It’s important to note that these announcements only and need to be passed by State ParliamentRead More

Jun 02, 2017
first home buyers housing affordability

The NSW State Opposition Speaks Up About The Housing Affordability Crisis

Pre-empting the NSW State Budget on June 20, the State Opposition (NSW Labor) over the weekend released their plans to tackle housing affordability for first home buyers if they win the next election (2019). Key aspects of the announcement include1: 25% of dwellings constructed on government-owned land that is being redeveloped will be designated asRead More

May 29, 2017
housing affordability and smashedavos

What you didn’t know about Housing Affordability and the upcoming NSW State Budget

By Housing Affordability Expert and Certified Financial Planner®, Robert Snell. Many Young Australians and their parents have been left disappointed by the latest Federal Budget with few real measures to address housing affordability. International measures of home affordability suggest that anything above 3 times average annual earnings becomes unaffordable and Sydney is currently travelling atRead More

May 22, 2017

Housing Affordability and Budget 2017

Housing Affordability Expert, Robert Snell says the wash-up of the latest budget measures means that “After they (young people) pay their rent and their increased HECs debt, there’s not much left to save for a home deposit and that the saving scheme is a band-aid solution to the gaping wound of housing affordability.” “After they pay theirRead More

May 10, 2017
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