Keyword "housing affordability" - List of latest news (210 results)

06:05 Treasurer, contender face off in debate

Australia’s next Treasurer will be tasked with guiding the nation through a “pivotal moment”, as two key issues inflame an increasingly uncertain global environment, the Business Council of Australia boss has declared.

14/04 There are big issues with Labor’s multi billion-dollar housing plan, experts warn

Labor’s plan to get more young Australians into their first home sooner and for less cash upfront will inevitably drive up home prices, economists have warned.

11/04 ‘Drastically reversed’: Aussie city ‘shrinking’

ANALYSIS

06/04 Australia's biggest rental hike areas exposed

An exclusive ABC analysis has revealed the nation's worst postcodes for renters, as well as the neighbourhoods hit with the biggest rent hikes since the pandemic.

05/04 Spreading ‘like an oil stain’: The rampaging rents swallowing our cities

Spiralling rents have priced out even average income households from at least half the postcodes in three capital cities and one regional area, according to an ABC analysis of exclusive figures covering thousands of neighbourhoods across the country.

02/04 New law in Spain will come into effect in hours in latest bid to stop tourists

The new law coming into place tomorrow will make it increasingly difficult for properties to be used as tourist accommodation.

25/03 $49bn noose around country’s neck is making the rich richer and hurting ordinary Aussies

Taxpayers will this year foot a mammoth $49 billion bill to help grow the nest eggs of largely wealthy Australians, the latest budget reveals – an “absurd” expense making ordinary people’s lives tougher.

21/03 Silent ‘epidemic’ plaguing Gen Z

Thousands of young Australians are falling victim to a silent struggle – one that’s hard to pinpoint and even harder to talk about, and the physical effects of which can literally make you sick.

19/03 Three reasons Redbridge poll shows Labor back in front ahead of Federal election race | Samantha Maiden

COMMENT

09/03 I paid $41,500 to build an ADU office in my backyard. It's allowed us to keep living comfortably in a smaller home.

Justin Mauldin said he's more productive in his serene backyard tiny-home office. His real-estate agent also told him it increased his property value.

07/03 A millennial spent $7,000 renovating her rental. She wants it to have personality even though she doesn't own it.

Marketer Nnedinma Obiwuru, 31, has invested in her rental, elevating it with DIY renovation projects and inexpensive items from thrift stores.

19/02 I moved from California to a tiny town in Kansas, where I bought my first home and feel like I'm finally winning at life

Kaitlyn Sundberg and her husband left California for a better shot at homeownership. She said they bought a house in Kansas and are happier than ever.

19/02 America is about to enter an apartment crunch

A historic wave of apartment construction is drawing to a close, which means rents may soon start rising again.

17/02 ‘Good debt’: Man who has bought over 20 homes reveals interest rate reality

Graham Whitfield owns multiple properties but isn’t worried about whether interest rates go up or down today.

13/02 More homes are selling below asking price as inventory in the US climbs to a 5-year high

Inventory of homes for sale jumped almost 13% in January to the highest level since 2020. Meanwhile, buyers are scarce as mortgage rates remain high.

11/02 America's broken housing market is making people lonelier. Moving near friends could help.

New housing laws in some states, including California, are making it easier to build denser, more affordable, and community-focused housing.

03/02 State Democrats are looking for ways to advance their priorities without help from Washington

Democrats in the states are aiming to pass a series of laws focused on housing affordability, which was a major issue for voters in the 2024 election.

30/01 UK town with the highest influx of migrants where locals rage 'it's overcrowded'

This UK town has seen more migrants arrive per capita than in London.

23/01 I bought a cheap home in Japan sight unseen. The $26,000 I spent is a better investment than a vacation home in the US.

Erik Buhrow dreams of retiring in Japan. Until then, he'll rent out the akiya, or abandoned home, to other Americans who want to try living there.

20/01 The notion of the Aussie backyard is dying, but don’t blame apartments

Australia has spent decades building the wrong type of homes and the notion of the classic backyard is now dying as a result – but don’t blame higher density apartment living.

17/01 Greece issued economy warning as fears of war on Brits' holiday homes rise

EXCLUSIVE: A travel expert has issued a major warning to Greece about following Spain's lead in imposing property taxes on foreign buyers.

16/01 UK could face Spain-style holiday home tax as Brits 'back 100% tax'

The UK could be at risk of a holiday home tax like that announced by the Spanish Prime Minister amid its housing affordability crisis.

15/01 It's looking to be another brutal year for weary homebuyers as 2025 kicks off

The 30-year mortgage rate topped 7% this week. Inventory, meanwhile, is tight. Buyers should expect any dip in mortgage rates to be met by a jump in demand.

09/01 Tiny homes, big improvements: 3 people share why they love living in ADUs

ADUs — tiny homes built in a backyard — can make homeownership affordable. One person said it will allow her to age in place.

05/01 Baby boomer homeowners fear losing their properties as they spend down their savings

Some baby boomer homeowners are struggling to hang onto their homes as housing costs soar.

22/12 ‘Unfair’: Grim picture for Aussie renters

Australians are paying “thousands” more this Christmas than they were last year to put a roof over their heads, according to fresh analysis.

22/12 America's home insurance problem is set to intensify

The number of homeowners at risk is growing as private insurers pull back and hike premiums in areas at risk of wildfires, hurricanes, and flooding.

15/12 How an affordability crisis has led to Republican gains in a progressive bastion

Republicans made key gains in Vermont, breaking Democratic legislative supermajorities as voters concerned over affordability boosted the GOP.

12/12 TikTok video shows the urbanisation of Australia over four decades

Google Earth imagery compiled by a TikTok user has shown the impact of urbanisation on the look of Australia’s cities over the last four decades.

10/12 It's not just the US. Housing around the world is more expensive than it was prior to the 2008 peak, the IMF says.

Housing affordability in the US and 39 other nations has fallen below levels recorded prior to the 2008 housing crash, IMF data shows.

08/12 You’re $1m richer if you live in these areas

Affordable Aussie suburbs have dominated the list of the nation’s top performing housing markets, many piling on an incredible 50 per cent of their value in just 12 months.

02/12 It's not going to get any easier to buy a house in the next 2 years, economist says

Capital Economics expects home prices to rise 4% in 2025 and 2026, sending the median home price in America to a record high of about $455,000.

02/12 Millions face paying 'marathon mortgages' after pension age

Millions of homeowners face paying "marathon mortgages" stretching into their retirement because of high interest rates, pension experts have warned.

01/12 4 predictions for the US housing market in 2025, according to Zillow

Homebuyers could find better opportunities in the Southwest next year as more inventory in the region hits the market, Zillow predicted.

01/12 The gorgeous Spanish city that's been named one of the world's 'best' to live in

A top Spanish city has been voted as the third best city in the world by foreigners who live and work there.

30/11 We retired to Maine and turned 2 $12,000 Amish sheds' into our off-the-grid dream home

Two early retirees tired of suburban life decided to build a home out of two bare-bones Amish wooden sheds. Now they homestead in rural Maine.

29/11 The UK towns and cities where house prices are rising the most - full list

The price of the average home in the UK will grow by 2.5 per cent next year, according to Zoopla.

28/11 The UK's 'most expensive' areas to buy a house listed - only two are in London

New data reveals the most affordable and least affordable places to house hunt in the UK.

21/11 Home sales jumped in October, and housing demand is set to pick up from here, NAR says

Existing home sales saw their first annual jump since 2021 last month, the National Association of Realtors said.

20/11 A homebuilder-association CEO told us the 4 obstacles keeping America from having more housing

Obstacles to new housing include the cost of land, a shortage of construction workers, government regulations, and anti-development sentiment.

20/11 A boomer built a $350K ADU in her backyard to grow old. It's also a win for her daughter, who moved into the main house.

Christine Wilder-Abrams, 72, spent $350,000 on an ADU in her yard so she could age in place, and her daughter moved into the property's main home.

05/11 My family bought a vacation home in Lake Tahoe for $113,000. A new tax could push us out.

My family's cabin in South Lake Tahoe changed our lives. A vacation homes tax to make living there more accessible might ultimately push us out.

27/10 AOC and progressive allies want the federal government to build over a million homes. Even YIMBYs don't think it's a good idea.

Housing policy experts say a Democratic effort to get the federal government to build 'social housing' would be best left to localities.

14/10 'Keir Starmer must address plunging fertility rates for sake of our future'

There are four measures the Government could take to encourage our young people to address a looming catastrophe for Britain.

08/10 Rate cuts were supposed to push mortgage rates lower. The opposite has happened.

Friday's blockbuster jobs report reinforced the surprising increase in mortgage rates, since economic strength means less chance of further rate cuts.

07/10 New calls for Boomers to end housing crisis by renting out spare bedrooms

Fresh research has called for Boomers to rent out their spare bedrooms in a bid to address the country’s housing crisis.

28/09 A record number of apartments are getting built this year. That's great news for real estate affordability.

An increase in the supply of apartments will slow both rent and home-price increases, experts told BI.

26/09 It's refinancing time: Americans are already capitalizing on lower rates

Refinancing activity is already surging after the Fed cut interest rates last week for the first time in years.

26/09 ‘Exodus’: Dire forecast for Albo’s housing idea

OPINION

24/09 Buying a home just got more affordable for the first time in 4 years

Home affordability just improved amid a fall in mortgage rates, but don't expect further easing from the Fed to bring rates much lower, Redfin says.

22/09 Poll spells big trouble for Albo

Cost of living pressures are top of mind for Australians, but one key area is weighing on households far more than any other, a new poll shows.

22/09 Renter group priced out of every capital city

Struggling Australians on income support are now either completely priced out of, or navigating severe rental stress across all capital cities and major regional centres across Australia due to rising prices, with one advocacy group calling for urgent action.

22/09 Why housing affordability could be a key issue for swing state voters in November, according to Redfin

Swing state asking rents have shot up almost 24% since 2020, leading many renters to feel rent remains "too damn high," Redfin's chief economist says.

22/09 ‘Worst on record’: Grim Aussie housing detail

Housing affordability in Australia has deteriorated to its “worst level on record” – driven by high mortgage rates and increasing home prices.

20/09 ‘Just 9pc’: Brutal reality of owning a home

Housing affordability across the country has never been worse.

19/09 Majorca tourist asks four-word blistering question as anti-tourism protests rage

A UK resident who has been visiting for over 40 years has told the island to fix its issues and asked "Does Majorca love us" amid its anti-tourism protests.

13/09 The US drinking age law could be a model for fixing the housing crisis

Some housing experts say Washington needs to take a more creative approach to encourage states to build more homes. They point to an unusual model.

05/09 ​​Buyers catch a break — more homes on the market are seeing prices cut as sellers get impatient

The percentage of homes that saw a price cut rose to 19% last month, the highest rate of cuts in the month of August since 2018, Realtor.com said.

29/08 Mortgage rates are falling, but there are 3 reasons buyers are still on the sidelines

Buyers are waiting to see how new rules on agent fees play out, and if mortgage rates and home prices drop further, according to Redfin.

24/08 Don't get your hopes up about the housing market

The Federal Reserve appears poised to cut interest rates in September. But the move might not help many Americans afford housing in the short term.

08/08 The mortgage lock-in effect shaved $20 billion off the US economy in a year

Americans who would have moved in recent years have instead been staying put, clinging to ultra-low mortgage rates they locked in years ago.

07/08 Buyers catch a break: Home prices just fell the most in 2 years

Almost 20% of listed homes saw a price cut in July, the highest share in two years, Realtor.com said.

26/07 Florida's housing market is seeing 'nightmare scenarios' as buyers back out due to affordability concerns, Redfin says

Homebuyer cancellations are cropping up in Florida after a meteoric rise in home prices.

16/07 How a Montana retiree will save on spiking home insurance and taxes by living in a type of housing that's illegal in many places

Sylvia, a 71-year-old retiree in Montana, is taking advantage of city and state laws encouraging the construction of accessory dwelling units.

16/07 Biden announces plan to cap rent increases at 5% for half of American rental households

A record number of renters can't afford their housing costs. Biden wants to discourage big rent increases to address the issue.

07/07 A New York City Airbnb host was shut down under the short-term rental law. He's now renting his basement illegally on Facebook and making crucial income after he was laid off.

A couple in Astoria, Queens, rented out their basement on Airbnb for years. New city regulations have made that illegal.

05/07 Housing affordability improved in just 1% of US counties last quarter

Just seven counties saw housing affordability remain under historical averages, according to data from real estate data firm ATTOM.

03/07 Canada's bold plan to make housing more affordable is showing signs of working — and could be a model for the US

The Canadian federal government is finding new ways to pressure local governments to legalize denser housing to solve the country's home shortage.

02/07 The US cities where renters are struggling the most

Half of all US renters were cost-burdened in 2022, spending more than 30% of their income on rent and utilities, a new Harvard report found.

28/06 Biden and Trump have wildly different approaches to bringing home prices and rents down

Biden has pushed for more federal involvement in housing policy. Trump proposed massive cuts to federal housing programs for the neediest.

21/06 Home prices around the US are being cut at a faster pace as inventory piles up

Mortgage rates are still high but prices may be easing. Over 16% of homes saw a price cut last month, according to Realtor.com data.

20/06 Irish millennials and Gen Zers are being hit hard by the housing crisis. Many more are moving back in with their parents.

Rents in Ireland jumped 84% between 2010 and 2022, far more than the EU average.

19/06 Housing is ‘impossibly unaffordable’ in these 5 US cities

When it comes to housing, the U.S. is home to some of the most, and least, affordable markets.

13/06 The US needs to build 2 million houses to revive the American dream of homeownership

"Following the GFC, new residential construction effectively stopped, and we have been trying to catch up ever since," NDR said.

13/06 Why a celebrity broker says some parts of the US could see a 10% home-price correction

Home prices are already dropping in key markets in Florida, Texas, and New York, recent data shows.

06/06 Why is rent so expensive and is it the result of collusion?

Rent prices have risen 30% nationwide in the past four years, nearing an average of $2,000 per month in March.

04/06 Home prices could drop for the next 6 months as inventory rises by the biggest margin since the financial crisis, investment strategist says

Unsold housing inventory rose 16% year-per-year in April, the highest increase recorded since the Great Financial Crisis.

28/05 An influx of new residents to GOP-leaning Montana could be the key voting bloc that decides the state's hotly-contested Senate race

The Montana Senate race was already set to be competitive. But transplants could be the ultimate swing vote in November.

26/05 The beautiful UK seaside village so overwhelmed locals 'live in sheds'

Residents in the UK's "second home capital" have said that they have been forced to move into sheds and caravans as house prices continue to rise.

20/05 Biden is struggling in Nevada. His economic messaging in the key swing state will be one of the biggest tests of his 2024 campaign.

President Biden will have to work hard to address some of the top concerns of Nevada voters: inflation, housing affordability, and health care.

12/05 I'm moving out of Texas after 60 years there. The culture has changed and big tech firms have made Austin too expensive.

Flora Batts became disenchanted with Texas' high cost of living and increasingly hot weather. So she's moving to Pennsylvania to enjoy retirement.

11/05 I live in a bunker with no oven or windows, but it's worth it to save $2,000 a month

A TV producer who lives in a California bomb shelter said it's one of the few ways to save enough money to eventually buy her own home.

02/05 Albo’s ambitious plan ‘won’t be achieved’

Labor’s ambitious target to build 1.2 million new homes over the next five years “will not be achieved”, according to a new government report that lays bare the reality of Australia’s housing crisis.

26/04 The US real estate market experienced a rebound in sales in March despite high mortgage rates

Given the economic challenges that complicate the acquisition of properties, the demand for new housing units continued its upward trend, reflecting the strength of a key sector for the national economy.

24/04 ‘We are happy’: Residents of cramped housing development in The Ponds hit back

EXCLUSIVE

08/04 Economics firm makes huge call on Aussie home prices, tipping sharp increases over the next three years

Stark forecasts for home prices across the country are tipping mammoth growth in the next three years, according to a leading economics firm.

02/04 A record 550 cities now have average home values above $1 million

California is the state with the highest concentration of million-dollar cities, Zillow found in a new report.

30/03 The city of Malibu is taking a family to the state supreme court to stop them from building a tiny home in their backyard for their elderly parent

Jason and Liz Riddick have been trying to build a small home in their backyard in West Malibu for Liz's mother since July 2020.

24/03 Why buying a home isn't likely to get much cheaper even under Biden's housing plan

Americans waiting for a drop in home prices could wind up being disappointed, real estate economists say.

20/03 The mortgage 'lock-in effect' could worsen wealth inequality and is likely to last for years to come, FHFA says

Unless mortgage rates fall significantly, the "lock-in" effect pushing up home prices will last a long time, government researchers said.

19/03 I got a 2.5% mortgage rate last year when everyone else was getting 6%. It's saving us $40,000 and helping pay off my medical bills for cancer treatment.

Amy Yzaguirre, who got a relatively rare type of mortgage, said it was a grueling process requiring hundreds of documents but worth it in the end.

13/03 State hit hardest by single bill

Housing affordability in NSW has hit a horrifying record low with families forced to fork out more than half their weekly income just to keep a roof over their heads.

11/03 Worrying thing Aussies spending half their pay on

Housing affordability has reached an “all-time crisis point” with families forced to spend almost half their income on mortgage repayments, experts have warned.

10/03 How YIMBYs Hit a Bipartisan Sweet Spot

Checking Zillow is not an ideological activity.

09/03 The Trump-supporting governor of Montana is staking his reelection on a set of 'miracle' YIMBY housing policies

Montana Gov. Greg Gianforte is touting a slew of bipartisan housing bills celebrated by YIMBYs across the country as he runs for a second term.

05/03 Inside Australia’s cheapest houses on the market right now, on offer for as little as $69,000

It’s a tenth of the price of a home in Sydney and sits on a mammoth parcel of land that would fit several inner-city terraces on it, but you will need to bring your own oven.

01/03 The US housing market is slowly thawing, but 91% of homes are still overvalued, Fitch says

"High mortgage rates and elevated home prices, which aggravate the affordability issue, continue to moderate the pace of this normalization."

29/02 Homebuyers need to earn 80% more than they did pre-COVID to comfortably afford a house in this market, Zillow says

Home prices are getting expensive, up 42% since January 2020, while median incomes haven't matched the rise, up 23% in the same time frame.

27/02 Home prices continued to soar higher across the US in the 4th quarter

Home prices in the US rose 6.5% on an annual basis in the last three months of 2023, according to the Federal Housing Finance Agency.

19/02 I bought a house in Japan for less than $45,000. I live in the peaceful countryside close to every convenience, and everything's cheaper here.

Ned Watson bought an abandoned Japanese home, known as an akiya, in 2019. It's brought him tranquility and a life free of financial burden.

16/02 Best ‘era’: The decade Australia last thrived

On Friday, the global phenomenon that is Taylor Swift’s Eras Tour came to Melbourne’s MCG, after many months of anticipation for the nation’s Swifties.

12/02 New data reveals ‘heartbreaking’ homelessness crisis

New data has revealed the extent of one state’s homelessness crisis as housing affordability continues to “plummet” across the nation.

08/02 Anthony Albanese grilled over six-figure rental income amid house crisis

Landlord Anthony Albanese is under fire over the $115,000-a-year in rental income he is pulling in on top of his salary as Prime Minister, as interest rates soar for struggling families.

07/02 ‘No chance’: Extraordinary steps worried Aussie parents are taking so young kids can one day buy a home

Australian mums and dads are taking extraordinary steps to ensure their young children escape the worst of what looks to be a bleak financial future.

05/02 Dick Smith in fiery clash over immigration

Dick Smith has claimed that the “prime reason” for Australia’s high house prices is its “huge population increase” as he reiterated calls to slash immigration to just 75,000 people per year.

04/02 Qld ‘cracking down’ on controversial rent bidding issue

Queensland is moving to radically overhaul renting laws as it becomes the latest state to ban rental bidding.

03/02 I started a 'mommune' with another single mom. We're 'soul sisters' raising 6 kids and 6 cats in the same house.

A single mother who formed a "mommune" with her friend and colleague said coliving makes everything better, from cooking lunch to running errands.

30/01 Housing graph ‘boomers wouldn’t understand’

“What the hell happened in 2001?”

29/01 I was thrilled to live in a tiny home. But it got too expensive, and now I'm moving out.

Elizabeth Illing, 37, thought that a tiny home would help her afford Austin, Texas. But now she's leaving it for a regular apartment with more space for less money.

29/01 The average US homebuyer has gained $40,000 in buying power in the last 3 months as mortgage rates cool

Trying to time the housing market to lock in a low mortgage rate is a "waste of energy", Redfin's chief economist said.

27/01 A 27-year-old Berkeley city council member wanted to build more affordable housing. Relentless harassment from 'left NIMBYs' pushed him to resign.

Former Berkeley city council member Rigel Robinson wanted more housing, but anti-development NIMBYs' harassment and threats pushed him out.

26/01 The frozen housing market may be starting to thaw

Pending home sales jumped 8.3% in December, above expectations, and mortgage rates have continued to ease.

24/01 Brutal $20K note sparks housing crisis debate

As Australia’s housing crisis continues to worsen, attention is again turning to the country’s one in ten “empty” homes — and whether more needs to be done to fill them up.

21/01 ‘Scrap them’: Albo given $228bn warning

Tax breaks for property investors have created a quarter of a trillion dollar budget black hole that could instead fund 500,000 new social homes, a new report has found.

18/01 Most people buying homes get screwed into spending thousands on a tedious fee. That may be about to change.

Most people buying a home with a mortgage need to buy title insurance. But an alternative could save them hundreds of dollars.

18/01 The Culture War Tearing American Environmentalism Apart

In Minneapolis, the housing shortage has fractured the green community.

18/01 True scale of Aussie rental pain revealed

Aussie tenants are facing “unprecedented” levels of rental stress amid a housing affordability and vacancy rate crisis, with over 58 per cent of suburbs in two states crossing into “extreme” rental hardship.

16/01 The housing market is breaking out of mortgage rate lock as a wave of sellers look poised to list their homes in the coming years, Zillow says

Over 20% of owners say they are considering selling their homes in the next three years, a Zillow survey shows.

09/01 The value of the housing market in America's largest metros has surged to $23 trillion

The latest figure has grown by about 38% from $17.02 trillion from before the pandemic, according to LendingTree.

04/01 From interest rates to home demand, here's how the housing market will unfold in 2024, according to LendingTree

The housing market in 2024 will see demand remain low and activity stay sluggish, LendingTree said.

01/01 Shock outlook for Australia’s property markets in 2024

Despite record-high home prices, a painful cost-of-living crisis, the potential for further interest rate hikes and uncertainty about the domestic and global economies, experts have delivered a surprising outlook for Australia’s property markets in the year ahead.

30/12 Key issues that will define 2024

This year has been a hard slog for most Australians, with a rising cost-of-living crisis, two major global conflicts and a failed referendum. But as the clock ticks down on 2023, here’s a look at what’s shaping up to be the biggest issues that will dominate the country’s landscape in 2024.

25/12 Home prices may pick up speed after the Fed cuts rates with 88% of the housing market still overvalued, Fitch says

"This will continue to impact affordability, particularly for entry-level and first-time homebuyers, thereby constraining demand."

15/12 Home prices are getting slashed as inventory climbs and high mortgage rates push sellers to compete for buyers, Zillow says

"Price cuts are more common than normal – chances are good that prices are negotiable," Zillow economists said.

12/12 Australia faces impossible birthrate problem

As Australia’s government unveils a new migration strategy to clamp down on increasingly out-of-control population growth, other countries are grappling with the opposite problem.

12/12 Tragic cost of Australia’s housing crisis, as homelessness surges and rent stress worsens

Australia’s housing crisis is forcing more and more desperate people to sleep in their cars, pitch a tent in a park or couch surf at friends’ houses, new data reveals.

11/12 ‘Stunning failure’: Finance expert Alan Kohler’s dire warning about Australia’s housing market

Australia’s housing system is fundamentally broken and a “stunning failure of public policy” is to blame, creating a “national calamity” that’s damaging the country’s social fabric.

11/12 ‘Crippling’: Proof you’re $8000 poorer

A new poll has shown an alarming amount of Australians are against mass migration, after recent research showed the average Aussie was $7,848 worse off in 2023.

30/11 New senator’s call to fix housing ‘failure’

NSW’s newest senator Dave Sharma says he will push to improve housing affordability for young Australians when he resumes his parliamentary career, saying the crisis is a “failure of us as a society”.

27/11 Liberal MP’s major housing affordability idea savaged by experts

A proposal to let mortgage holders raid their superannuation to help shoulder the burden of steep interest rate rises has been savaged by experts.

25/11 I got a $20,000 grant to build a tiny home on my property. It was expensive to start, but I feel secure in my old age now.

Jean Lowell, 75, needed an accessible home for herself, and an affordable place for her daughter in Vermont. The fix was a 560-square-foot tiny home.

23/11 Are rents rising in your Philly neighborhood? Don't blame the baristas

When it comes to gentrification, Philadelphia baristas say they’re ‘part of the problem.’ But as low-wage workers, where else should they live and work?

21/11 Six-figure income behind Australian dream

New research has revealed the stunning six-figure salary needed by Australians to buy a home comfortably.

18/11 A Gen Xer got $30,000 to build an extra apartment in her backyard. Renting it out makes paying her bills 'financially possible.'

Marni Leiken, one of many people getting paid to build ADUs, said the rental income helps defray the cost of her mortgage and utilities in pricey Vermont.

14/11 Mortgage broker forced to become part-time Uber driver due to cost-of-living and housing crisis

A recorded conversation with a mortgage broker forced to drive an Uber part-time because his business is “dead quiet” points to darkening economic storm clouds.

14/11 Top economist’s shock migration backflip

A leading economist has weighed into the increasingly heated debate over Australia’s housing crisis, calling for a slowdown in immigration to allow time for supply to catch up with demand.

08/11 We moved to Mexico from Texas and have never been happier. We're saving $2,000 a month and can even afford to go to the dentist.

Social-media managers Braelyn and Spencer Stone have been able to pay off debt and get cheap medical checkups in Mexico, which they call "paradise."

23/10 ‘Pay the rent’: Radical $40m plan for Indigenous organisations

A Greens lord mayoral candidate has pledged a $40 million plan which will see Brisbane City Council “pay the rent” through grants to Indigenous organisations.

22/10 California just legalized affordable housing in church parking lots and coastal cities — and it could help solve the state's crisis

Pro-housing advocates are celebrating new housing laws addressing burdensome environmental regulations and opening up land for affordable homes.

18/10 I moved to a Colorado ski town to live my dream life, but am leaving because it's too expensive and crowded

Callie Kuchan thought she'd live in Breckenridge, Colorado, forever. But then reality set in: She couldn't afford a home and making friends was hard.

28/09 Minns’ French solution to housing crisis

Inspired by the overhaul of Paris in the 1800s, Chris Minns wants a rapid-fire rollout of three- to four-storey apartment blocks to revolutionise development in Sydney and help solve the housing crisis.

27/09 ‘Take what i can get’: Landlord on rental crisis

A landlord in Victoria has said he views those living in his properties as “customers” and does not rent out to people on Jobseeker, as an inquiry hears growing calls to increase rent assistance.

26/09 The quick, simple answer to Australia’s housing crisis is right on our doorstep

A short plane ride from here, a city once crushed beneath the weight of skyrocketing rents and eye-watering property prices has found a solution to the type of housing crisis plaguing Australia’s major cities.

20/09 2.5 million Aussies doomed this summer

While vast parts of the country brace for a sweltering summer, conditions will be especially gruelling for millions of Australians in one area – and things are set to get dramatically worse.

17/09 3 former Californians share why they decided to chase the American dream in Texas

In Texas, they found more affordable housing and cost of living, work-life balance, and an openness to varying political beliefs.

15/09 Dan to introduce new Australian-first tax

Renting an Airbnb in Victoria is set to become more expensive with reports the state government is planning to introduce a tax on short-term accommodation.

09/09 Graph finally puts a brutal end to Boomer argument

It’s the question that usually leads to talk of interest rates and smashed avocado on toast - do Millennials or Boomers have it harder when it comes to buying a house?

06/09 I didn't want to pay rent anymore, so I bought a $9,000 ambulance. I've converted it into a mobile home that I use to travel the country.

Gen Zer Kaden Smith left college and hit the road. He's part of a growing group who are rethinking traditional norms of homeownership and identity.

02/09 Grim reality of ‘great Aussie dream’

Housing affordability is at its worst level in three decades, with the average Australian household able to afford just 13 per cent of the market.

01/09 It’s official: Now is the toughest time to buy a home ever

It’s official: the great Aussie dream of owning a home is now harder to achieve than at any time in the last three decades, with even households earning $200,000 struggling to get into the property market.

01/09 My husband and I couldn't afford to buy a home in Nashville, so we moved into an RV instead. We've been able to upgrade our vehicle, but haven't made the leap to homeownership.

Kirsten and Devin Trout bought an $18,000 Keystone Montana to escape Nashville's high cost of living. Six years later, they're RV-life enthusiasts.

23/08 Proof Aussies are on ‘path to ruin’

In 2001, when Australia’s population was 19.3 million, then-Treasurer Peter Costello released the inaugural Intergenerational Report (IGR).

22/08 Americans now need to spend 43% of their income to afford a home as mortgage rates surge to a 23-year high

"US housing affordability is worse today than the peak of the last housing bubble," market expert Charlie Bilello said in a post on X.

15/08 D-Day for housing, public holiday

Pressure is mounting for national cabinet to come up with a better deal for renters and a solution to the country’s housing crisis when the country’s leaders meet on Wednesday.

14/08 Californians are fleeing to Texas, where homes and the cost of living are cheaper

Californians are packing up and moving to Texas, census data shows, where some are finding it easier to buy a home in the Lone Star State.

08/08 Millions of Aussies to flee capital cities

City slickers are planning to head to the bush in droves chasing a better lifestyle but a major lack of service delivery threatens to hamper the great migration.

26/07 Dire warning of Aussie mortgage cliff

A finance expert has warned that mortgage arrears could “tick up” as soon as the second half of 2023, with millions of Aussie borrowers on a mortgage cliff of low rate home loans due to face a repayment shock.

21/07 Sad new ‘age limit’ to buying a home

Trying to buy a home is hard enough in Australia. Now, it appears, there’s a time limit too.

26/06 Plan to have Aussies live in offices amid housing crisis

Would you live in an office building in a bid to help ease Australia’s housing crisis?

25/06 PM’s next move after $10bn housing fail

Anthony Albanese hasn’t ruled out calling a double dissolution election if Labor fails to resolve its stalemate with the Greens over the $10bn Housing Australia Future Fund.

15/06 Exclusive: Working Australians struggling to afford basic needs, new data shows

Many working Australians simply won't have enough to make ends meet each week, according to new research provided exclusively to the ABC's The Drum.

12/06 Expert says beach houses ‘killing Australia’

A Melbourne professor has blamed “privileged” families with holiday homes for the housing crisis, arguing that while “your beach house is lovely … it’s killing Australia”.

11/06 PM’s big promise hits last minute hurdle

A nationwide freeze on rent increases has emerged as a sticking point with Labor and the Greens enter 11th-hour negotiations in their stalemate over the $10bn Housing Australia Future Fund.

07/06 ‘All means necessary’: Protesters storm empty homes

While NSW struggles with a 57,000 person waitlist for social housing, a 17-unit public housing building in an inner-city unit block remains largely vacant.

01/06 ‘Ridiculous’ list of Airbnb rules goes viral

An Airbnb host’s “ridiculous” list of rules — including restrictions on toilet paper, luggage allowances and an off-limits washing machine — has gone viral as thousands of Aussies complain the platform has become overrun with “entitled” hosts.

31/05 Australia’s insurmountable housing shortage explained

This week, The AFR View published an editorial claiming “Australia’s housing affordability crisis is due to the supply side, stupid”.

31/05 Rich suburbs told to build more high-rises

Sydney’s richest suburbs must become “taller” and “denser” with more high-rise apartments in order to tackle the housing crisis, a top government adviser has urged.

30/05 Why tiny sticker is resonating with entire city

It is not unusual to see a sticker or 10 plastered on street poles, but one that popped up in Melbourne has caused a big stir for calling out a major problem that is crippling Australians.

16/05 Albo backs landlord tax break

Anthony Albanese has hosed down suggestions Labor will curtail tax breaks for Australians who own investment properties — at least before the next election.

10/05 ‘Massive shortfall’: Budget slammed over housing crisis failure

The “biggest cost of living crisis” – where renters have been hit with massive rises and young people have been locked out of buying a home – was not tackled in the budget, and “bold” moves are needed solve the problem, according to experts.

09/05 700,000 migrants to raise rent prices

More than 700,000 people are expected to move to Australia by the end of next year, adding to the squeeze on the nation’s already very tight rental market.

30/04 Plan to hit Aussies with new tax

Residents living in one Australian state could soon be expected to cough up some extra cash, after it was revealed a new property tax may be on the horizon.

19/04 Ghost town’: Country’s move on rental crisis

A rental crisis is sweeping many countries across the world with Australians no stranger to the huge issue as rents are hiked by hundreds of dollars and a massive shortage of properties are seeing some people face homelessness.

18/04 Would you buy a tiny home? They could be the more realistic option for prospective homeowners

Owning a home has always been a dream for Tabatha Wiezczorek, but with the price of housing across much of the country through the roof she's now looking at something smaller.

12/04 Investor’s secrets behind $4.5mil property portfolio revealed

An immigrant who acquired eight homes in 16 years has revealed how an everyday Australian can build their own property portfolio with as little as $60,000.

10/04 Why essential workers can’t find rentals

Essential workers are spending about two thirds of their income on housing on average as the housing affordability crisis prices them out of their communities and exacerbates staff shortages across Australia.

04/04 Apartment-Building Sales Drop 74%, the Most in 14 Years

Interest-rate increases and banking turmoil push down demand for multifamily buildings.

04/04 Dan’s drastic move after TikTok ban

Daniel Andrews has revealed he will delete his TikTok account as the federal government is expected to announce new national rules to clamp down on the video app.

03/04 Dire warning for Australian rental crisis

Australia’s rental crisis is set to deepen as the nation faces a shortage of more than 100,000 homes over the next five years.

02/04 A Tale of Two Housing Markets: Prices Fall in the West While the East Booms

In an unusual pattern, the 12 major housing markets west of Texas, plus Austin, saw home prices fall in January, while the opposite happened in the rest of the country.

31/03 ‘We’re Scrambling.’ L.A.’s New Mansion Tax Put Sellers on a Deal-Making Deadline

The city has seen a flurry of closings leading up to the April 1 enactment of Measure ULA.

28/03 Queensland renters facing the prospect of giving up groceries to keep a roof over their heads

In a few months, the rent for Stacey Paul's Brisbane home — where she has lived for 10 years — will increase by $250 a week. And despite the financial stress, she does not dare leave.

27/03 Economy Week Ahead: U.S. Household Spending and Home Prices in Focus

The Federal Reserve’s preferred inflation gauge to offer additional insight on price trends.

21/03 Home Prices Fell in February for First Time in 11 Years

The median existing-home price dropped 0.2% in February from a year earlier to $363,000.

21/03 Immigrant’s secret to buying 8 homes

When Sydney man Lakhwinder Singh arrived in Australia as a 21-year-old student, he only had $1800 to his name and spent some nights sleeping on the street.

07/03 Housing Market Momentum Stalls as Critical Spring Season Approaches

Rising interest rates are again squeezing affordability and driving mortgage applications to their lowest levels in decades.

02/03 Foreign Buyers, Who Nearly Disappeared During Covid, Finally Return to the U.S. Housing Market

Real-estate agents say they’ve seen an acceleration in purchases by overseas buyers amid looser Covid restrictions and political-economic shifts abroad.

28/02 Home-Price Growth Slowed in 2022

The Case-Shiller index, which measures home prices across the nation, rose 5.8% in the year ended in December, the lowest December-to-December change since 2019.

27/02 WSJ News Exclusive | A Metaverse Room, Snow Spa and Lazy River Are Some of the Crazy Amenities Planned for This $75 Million Arizona Mansion

The not-yet-built compound in Paradise Valley would become the priciest home to sell in the state, if it fetches anywhere near its asking price.

23/02 Opendoor Suffers Heavy Losses After Losing Money on Home Sales

The online house-flipper said it had $2.9 billion in revenue from selling 7,512 homes in the fourth quarter, down 25% from a year ago.

21/02 Why Airbnb wants to increase nightly costs

Aussies could be slugged with a new, additional “holiday” tax to stay in Airbnb properties as the short-stay giant dismisses claims they’re to blame for the nation’s rental property shortage.

17/02 WSJ News Exclusive | A $32 Million Home Sets Price Record for Miami Beach’s Palm Island

The newly built waterfront property, which spans roughly 14,000 square feet, had asked as much as $51.9 million at one time.

15/02 As Home Sales Slow, Realtors Go Back to Their Other Jobs

Some agents who pivoted into real estate during the pandemic now struggle to make a living.

09/02 Steepest Home-Price Declines in Fourth Quarter Were in the West

U.S. home prices rose in the fourth quarter from a year earlier, but once-booming West Coast markets were among a growing number of metro areas to post price declines.

07/02 Why these locks are ‘ruining’ Melbourne suburb

A row of keypad locks secured to a chain in one Melbourne inner southeast suburb has enraged locals who say the act is “ruining” the block.

07/02 WSJ News Exclusive | In Mexico’s San Miguel de Allende, a Ricardo Legorreta-Designed Home Asks $6.995 Million

If it sold for that price, the roughly 8,000-square-foot house would set a record for the city, which is a Unesco World Heritage site.

02/02 Trio of Indiana Cities Tops WSJ/Realtor.com Housing Index

The index identifies the top metro areas for home buyers seeking an appreciating housing market, a strong local economy and appealing lifestyle amenities.

01/02 WSJ News Exclusive | A $44.95 Million Home Lists in Puerto Rico, as Property Prices There Reach New Heights

If it sells for its asking price, the house will be the priciest ever to trade in the U.S. territory.

01/02 See the Full Rankings for WSJ/Realtor.com’s Winter Emerging Housing Markets Index

How metro areas across the U.S. stack up in the newly updated winter 2023 rankings.

31/01 ‘Painful’ joke that changed Aussie’s life

An Aussie real estate agent who was being mercilessly mocked online has revealed how he capitalised on the “hurtful” jokes to become more successful than ever.

30/01 Real estate queen divides nation with post

One of Australia’s best known real estate bosses has divided the nation by defending “greedy landlords” as further rent increases loom.

22/01 Housing’s Big Hurdle Is Affordability

Home prices and mortgage rates have come down, but not enough.

20/01 U.S. Existing-Home Sales Slid Last Year as Interest Rates Surged

U.S. existing-home sales dropped 17.8% in 2022 to their lowest level since 2014 as interest rates rose and the economy cooled.

19/01 China’s Property Bust Compounds Economic Pain

The country’s housing market flipped from being a growth driver to an economic drag in 2022, and the prognosis for this year isn’t much better.

19/01 ‘Perfect storm’ decimating construction industry

The “perfect storm” that wreaked havoc on Australia’s construction industry is showing signs of easing, but the sector’s top body still predicts a tough road ahead.

18/01 WSJ News Exclusive | An Under-Construction Vero Beach Compound Lists for $60 Million

If the 2.5-acre oceanfront property sells for close to that price, it would become the Florida town’s most expensive home.

13/01 Desperate act in cost of living crisis

Families crippled by the ongoing cost of living crisis are sacrificing meals and access to medication in order to save on costs, experts have revealed.

12/01 On Inflation, Investors Fight the Fed

Policy makers probably won’t put too much stock in market forecasts.

09/01 ‘Most unfair’: $700k state election issue

Stamp duty for first-home buyers has emerged as an early contentious topic for the upcoming March state election.

08/01 Huge promise to 46k first home buyers

NSW Labor has announced a huge election promise to abolish or significantly cut stamp duty for eligible first home buyers.