Housing Affordability Advocate Archives

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 basic measure, housing affordability can be determined by the median home price in a city, for example Sydney and income. The median house price (the middle house price from lowest to highest prices, when placed in order), provides a reasonable indicator as to where the price [...]

lifevalues_admin 2018-02-23T17:18:40+11:00 June 9th, 2017|Own It|

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 Parliament before they apply. The Changes: Key changes for First Home Buyers 1: Abolishing all stamp duty for first homebuyers on existing and new homes up to $650,000 and stamp duty discounts up to $800,000. These changes, to be introduced on July 1 2017, will provide [...]

lifevalues_admin 2018-02-23T17:22:10+11:00 June 2nd, 2017|Own It|

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 at around 12 times and at record highs1. We all should be alarmed and angered by this. The government needs to recognise that rising home prices are not a sign of success and being to house your population is. What you may not know, is that [...]

lifevalues_admin 2018-02-23T17:32:09+11:00 May 22nd, 2017|Own It|