Flatlining wages growth, decades of massive price increases and the looming largest decline in housing commencements set to come on in the next calendar year threatens to impact the economy without response says a new affordable housing report released today by PowerHousing Australia informed by CoreLogic. As Australia shifts back from the meteoric 230,000 home […]
Category Archives: News
Focus on first home buyers puts housing back on top of voters minds
The Coalition low-deposit first home buyer policy announcement heralds a critical juncture in the Federal Election Campaign as we head in to the final week prior to this Saturday’s poll, with housing affordability rising to the top of voters’ attention. Whilst the level of first home buyers has risen back above long-term average levels over […]
NHFIC and Compass boost stock of freehold social and affordable housing
The National Housing Finance and Investment Corporation’s (NHFIC’s) transformative financing has enabled Compass Housing Services to increase its holdings of social and affordable housing, with a total of 330 new homes converted from leasehold to freehold. This means the social and affordable rental homes will remain permanently in the hands of Compass, a NSW-based registered […]
Labor deals out an affordable full house budget reply
The 2019-20 Federal Budget reply sees affordable housing and the development of policies to provide national certainty for housing supply as the equivalent of a ‘Full House’. The reply outlines the policies of 250,000 affordable rentals over 10 years, build-to-rent taxation structures, and headlines the overarching support of future housing in the previously announced National […]
Budget surplus belies affordable housing deficit
The 2019-20 Federal Budget ramps up last year’s record infrastructure spend to hit $100bn over a decade but offers no new initiatives in the affordable housing space. This affordable housing budget deficit position sits in contrast to the position handed down at Budget 2017-18 when affordable housing was a centrepiece of the budget and future […]
Successful social investment bond issue kickstarts afordable housing asset class
PowerHousing Australia today welcomed the announcement of the first bond issued through the Affordable Housing Bond Aggregator managed by the National Housing Finance Investment Corporation (NHFIC) which will support affordable housing tenants and forms the basis of a new affordable housing investment asset class. The borrowing rate for the Community Housing Sector is to be […]
SAHF2 success for PowerHousingMembers Housing Plus and SGCH
PowerHousing Australia today welcomed the second announcement of funding from the $1.1b Social and Affordable Housing Fund with PowerHousing Australia Members Housing Plus and SGCH successful in their bids to deliver around 500 new social and affordable homes. The delivery of the next wave of SAHF 2 through these two leading CHPs is a strong […]
$6.6B ALP Affordable Rental Infrastructure to underpin affordable housing futures
Media Release 16 December 2018 PowerHousing Australia today strongly supported the commitment made by Federal Labor to invest $6.6 billion to restructure a national long term investment to deliver affordable rental housing infrastructure. The promise to build 250,000 new dwellings across programs over the next 10-15 years with Community Housing Providers central to the task, […]
NRAS; the Christmas gift that saved Australian housing supply
The Australian Opinion Editorial (13 December 2018) We are generally told to spare a thought for those more needy at this time of year and for the first 200 of around 37,000 families and low income tenants whose National Rental Affordability Scheme subsidies start to wind down after 10 years, this Christmas will pose some […]
PowerHousing Australia Welcomes the Appointment of Inaugural NHFIC CEO
PowerHousing Australia today welcomed the appointment of the inaugural National Housing Finance and Investment Corporation (NHFIC) CEO, Nathan Dal Bon. Following appointment of NHFIC Chair Brendan Crotty and board members including PowerHousing Independent Director David Cant, Mr Dal Bon’s appointment affirms his close work with PowerHousing membership and the sector on the development of […]