Record Australian Property Spending in 2024 Exacerbates Housing Crisis
Australians spent a record $714.7 billion on property in 2024, exceeding the previous year by 17.3% and 2020 by 64.2%, despite high interest rates and prices; this highlights ongoing housing unaffordability, driven by strong job markets, population growth, and savings buffers.
Record Australian Property Spending in 2024 Exacerbates Housing Crisis
Australians spent a record $714.7 billion on property in 2024, exceeding the previous year by 17.3% and 2020 by 64.2%, despite high interest rates and prices; this highlights ongoing housing unaffordability, driven by strong job markets, population growth, and savings buffers.
Progress
40% Bias Score
Dutton's Foreign Investment Pause Receives Strong Public Support Amidst Housing Crisis
A Resolve Strategic survey reveals strong public support for Opposition Leader Peter Dutton's proposal to temporarily pause foreign investment in Australian residential properties to ease housing affordability concerns, despite foreign purchases accounting for only about 1% of the market.
Dutton's Foreign Investment Pause Receives Strong Public Support Amidst Housing Crisis
A Resolve Strategic survey reveals strong public support for Opposition Leader Peter Dutton's proposal to temporarily pause foreign investment in Australian residential properties to ease housing affordability concerns, despite foreign purchases accounting for only about 1% of the market.
Progress
40% Bias Score
Sydney House-Unit Price Gap Hits Record $610,662
Sydney's median house price is almost double the unit price, creating a $610,662 gap impacting affordability for both first-home buyers and upsizers, forcing some to relocate or compromise on location and property type.
Sydney House-Unit Price Gap Hits Record $610,662
Sydney's median house price is almost double the unit price, creating a $610,662 gap impacting affordability for both first-home buyers and upsizers, forcing some to relocate or compromise on location and property type.
Progress
44% Bias Score
Australia's Housing Shortage Defies Higher Interest Rates in 2024
In 2024, high Australian interest rates failed to curb property price increases due to extremely low housing supply, caused by strong population growth, smaller household sizes, and pandemic-related factors; however, Melbourne saw a price downturn due to increased housing supply.
Australia's Housing Shortage Defies Higher Interest Rates in 2024
In 2024, high Australian interest rates failed to curb property price increases due to extremely low housing supply, caused by strong population growth, smaller household sizes, and pandemic-related factors; however, Melbourne saw a price downturn due to increased housing supply.
Progress
44% Bias Score
Sydney's Housing Crisis Fuels Youth Exodus
Sydney is experiencing a youth exodus due to its unaffordable housing market, with two young people leaving for every one arriving, according to a 2024 NSW Productivity Commission report; this is fueled by high HECS debts and the relative affordability of other Australian cities.
Sydney's Housing Crisis Fuels Youth Exodus
Sydney is experiencing a youth exodus due to its unaffordable housing market, with two young people leaving for every one arriving, according to a 2024 NSW Productivity Commission report; this is fueled by high HECS debts and the relative affordability of other Australian cities.
Progress
28% Bias Score
Housing Affordability Crisis in Australia: A Personal and Economic Analysis
An Australian economist recounts their experiences in Perth, Sydney, and Canberra, illustrating the escalating housing crisis across the country, emphasizing the impact of rising house prices, especially in Perth, and contrasting it with the slightly improved situation in Melbourne due to increased ...
Housing Affordability Crisis in Australia: A Personal and Economic Analysis
An Australian economist recounts their experiences in Perth, Sydney, and Canberra, illustrating the escalating housing crisis across the country, emphasizing the impact of rising house prices, especially in Perth, and contrasting it with the slightly improved situation in Melbourne due to increased ...
Progress
36% Bias Score
Canada's Foreign Buyer Ban Deepens Housing Crisis
Canada's ban on foreign home purchases, extended to 2027, has decreased new housing construction, particularly condos, worsening the housing shortage by deterring investment crucial for pre-construction projects and impacting the rental market.
Canada's Foreign Buyer Ban Deepens Housing Crisis
Canada's ban on foreign home purchases, extended to 2027, has decreased new housing construction, particularly condos, worsening the housing shortage by deterring investment crucial for pre-construction projects and impacting the rental market.
Progress
52% Bias Score
Renting Exceeds Mortgage Costs in 94% of Spain's Largest Municipalities
A 2024 analysis by UVE Valoraciones reveals that in 94% of Spain's largest municipalities, renting costs exceed mortgage payments, due to a shortage of housing supply; only four municipalities showed higher mortgage payments than rental costs.
Renting Exceeds Mortgage Costs in 94% of Spain's Largest Municipalities
A 2024 analysis by UVE Valoraciones reveals that in 94% of Spain's largest municipalities, renting costs exceed mortgage payments, due to a shortage of housing supply; only four municipalities showed higher mortgage payments than rental costs.
Progress
48% Bias Score
Rising Housing Costs Force Middle-Class Families to Seek Aid from Housing Charities
In Peterborough, Ontario, Serena and Caleb Bowyer, a middle-class couple with a combined annual income of $70,000, were unable to buy a home without assistance from Habitat for Humanity due to the dramatic rise in housing costs; this reflects a broader trend of housing non-profits aiding middle-clas...
Rising Housing Costs Force Middle-Class Families to Seek Aid from Housing Charities
In Peterborough, Ontario, Serena and Caleb Bowyer, a middle-class couple with a combined annual income of $70,000, were unable to buy a home without assistance from Habitat for Humanity due to the dramatic rise in housing costs; this reflects a broader trend of housing non-profits aiding middle-clas...
Progress
24% Bias Score
B.C. Launches Provincewide Short-Term Rental Registry to Tackle Housing Shortage
British Columbia launched a provincewide short-term rental registry on Monday, requiring registration by May 1st, with penalties for non-compliance starting June 1st, and annual fees ranging from $100 to $600; the goal is to address housing affordability concerns and crack down on illegal operators.
B.C. Launches Provincewide Short-Term Rental Registry to Tackle Housing Shortage
British Columbia launched a provincewide short-term rental registry on Monday, requiring registration by May 1st, with penalties for non-compliance starting June 1st, and annual fees ranging from $100 to $600; the goal is to address housing affordability concerns and crack down on illegal operators.
Progress
44% Bias Score
Sydney Boarding House Evictions Leave 32 Men Homeless
Thirty-two men in Sydney face eviction from their boarding houses on January 31st due to a development project, leaving them with no alternative accommodation and causing significant distress, prompting a community campaign and legal action.
Sydney Boarding House Evictions Leave 32 Men Homeless
Thirty-two men in Sydney face eviction from their boarding houses on January 31st due to a development project, leaving them with no alternative accommodation and causing significant distress, prompting a community campaign and legal action.
Progress
48% Bias Score
Visale: A Free Guarantee for French Landlords Against Rental Defaults
French landlords can use Visale, a free guarantee from Action Logement, to secure rental income; it covers up to 36 months of unpaid rent and repair costs (up to 2 months), but has eligibility criteria for tenants (age, income, rent amount) and requires specific claim procedures.
Visale: A Free Guarantee for French Landlords Against Rental Defaults
French landlords can use Visale, a free guarantee from Action Logement, to secure rental income; it covers up to 36 months of unpaid rent and repair costs (up to 2 months), but has eligibility criteria for tenants (age, income, rent amount) and requires specific claim procedures.
Progress
48% Bias Score