ABS Building Activity and rental policies spur Build to Rent options

ABS Building Activity figures released this week show an elevated number of new homes completions coming through the pipeline that will be hitting the market in 2020, and a decline in commencement activity at the end of the December quarter. These ABS figures reveal that elevated residential completion levels of 203,536 completions to 31 December […]

Around the Country – State COVID Rental Policies

As at 17 April NSW Residential tenancies relief Forced negotiation: Yes Tax relief for landlords: Yes In a move to further stabilise the position of lessors and lessees, the New South Wales Government has announced $220 million in relief for residential renters and landlords affected by Government-enforced COVID-19 restrictions. This is the first allocation in […]

NSW Residential tenancies relief announced

In a move today to further stabilise the position of lessors and lessees, the New South Wales Government has today announced $220 million in relief for residential renters and landlords affected by Government-enforced COVID-19 restrictions. This is the first allocation in the State to residential renters — a group that had yet to receive financial […]

PowerHousing MX Repository for COVID-19 Information

The COVID-19 pandemic is creating a rapidly evolving landscape within Australia. We have seen near-daily national press conferences in the last week delivering key federal advice and new restrictions, with more restrictions and rules expected to come in the near future. In our biggest Member Exchange (MX) in Canberra in November 2019, 400 representatives of […]

Slow wages growth and decline in housing starts threaten economy

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 […]

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 […]