Sydney's Millennial Exodus: Brain Drain Threatens City's Future
Driven by unaffordable housing and higher salaries abroad, thousands of millennial professionals are leaving Sydney annually, prompting concerns about a potential brain drain and the city's long-term economic and social future.
Sydney's Millennial Exodus: Brain Drain Threatens City's Future
Driven by unaffordable housing and higher salaries abroad, thousands of millennial professionals are leaving Sydney annually, prompting concerns about a potential brain drain and the city's long-term economic and social future.
Progress
44% Bias Score
Spain Proposes 100% Tax on Non-EU Property Purchases to Curb Housing Crisis
Spain plans to impose a tax of up to 100% on real estate bought by non-EU residents to tackle its housing crisis, impacting an estimated 27,000 transactions in 2023, alongside plans to expand social housing and regulate short-term rentals.
Spain Proposes 100% Tax on Non-EU Property Purchases to Curb Housing Crisis
Spain plans to impose a tax of up to 100% on real estate bought by non-EU residents to tackle its housing crisis, impacting an estimated 27,000 transactions in 2023, alongside plans to expand social housing and regulate short-term rentals.
Progress
48% Bias Score
Australia's Rental Market Slows, But Remains Unaffordable
Australia's national median rent rose 4.8% in 2024, slowing from previous years but remaining unaffordable; a median income household needs 33% for rent, the highest ever; the slowdown is attributed to normalized migration, increased investor participation, and larger household sizes.
Australia's Rental Market Slows, But Remains Unaffordable
Australia's national median rent rose 4.8% in 2024, slowing from previous years but remaining unaffordable; a median income household needs 33% for rent, the highest ever; the slowdown is attributed to normalized migration, increased investor participation, and larger household sizes.
Progress
40% Bias Score
Australia's Housing Crisis: Affordability, Economic Risks, and Political Gridlock
Australia's housing affordability is at a record low, with high prices and interest rates impacting buyers. Experts suggest that lowering house prices could improve affordability but disagree on the economic consequences and political feasibility due to existing homeowners' concerns and the signific...
Australia's Housing Crisis: Affordability, Economic Risks, and Political Gridlock
Australia's housing affordability is at a record low, with high prices and interest rates impacting buyers. Experts suggest that lowering house prices could improve affordability but disagree on the economic consequences and political feasibility due to existing homeowners' concerns and the signific...
Progress
60% Bias Score
CPB Warns Housing Subsidies Primarily Benefit Landowners, Not Buyers
The Dutch Central Planning Bureau (CPB) warns that \u20ac5 billion in government housing subsidies will likely primarily benefit landowners, not homebuyers, unless the system is fundamentally altered, while average house prices are expected to reach \u20ac500,000 by summer if the current rate contin...
CPB Warns Housing Subsidies Primarily Benefit Landowners, Not Buyers
The Dutch Central Planning Bureau (CPB) warns that \u20ac5 billion in government housing subsidies will likely primarily benefit landowners, not homebuyers, unless the system is fundamentally altered, while average house prices are expected to reach \u20ac500,000 by summer if the current rate contin...
Progress
48% Bias Score
Canada Eases Mortgage Rules, Increasing Debt and Taxpayer Risk
Canada's new mortgage rules, effective December 2024, raise the insured mortgage cap to \$1.5 million and extend 30-year amortizations, potentially increasing homeownership but also long-term debt and taxpayer risk.
Canada Eases Mortgage Rules, Increasing Debt and Taxpayer Risk
Canada's new mortgage rules, effective December 2024, raise the insured mortgage cap to \$1.5 million and extend 30-year amortizations, potentially increasing homeownership but also long-term debt and taxpayer risk.
Progress
60% Bias Score
Australian Median-Income Households Face Record Rental Stress
A new report reveals that Australian households on median incomes now spend 33% of their pre-tax income on rent, the highest percentage since 2006, leading to increased household sharing and delayed moves from family homes, while advocates call for rent caps to address the ongoing housing crisis.
Australian Median-Income Households Face Record Rental Stress
A new report reveals that Australian households on median incomes now spend 33% of their pre-tax income on rent, the highest percentage since 2006, leading to increased household sharing and delayed moves from family homes, while advocates call for rent caps to address the ongoing housing crisis.
Progress
32% Bias Score
Spain Imposes 100% Tax on Non-EU Home Buyers Amid Housing Crisis
To combat Spain's housing crisis, Prime Minister Pedro Sanchez proposed a 100% tax on homes bought by non-EU residents, alongside 11 other reforms including taxing tourist apartments as businesses and building more public housing, aiming to alleviate high prices and shortages impacting Spanish citiz...
Spain Imposes 100% Tax on Non-EU Home Buyers Amid Housing Crisis
To combat Spain's housing crisis, Prime Minister Pedro Sanchez proposed a 100% tax on homes bought by non-EU residents, alongside 11 other reforms including taxing tourist apartments as businesses and building more public housing, aiming to alleviate high prices and shortages impacting Spanish citiz...
Progress
44% Bias Score
Brisbane's Housing Crisis Amidst High Resident Satisfaction
A Brisbane council study shows 92 percent of residents rate their quality of life positively, but rapid population growth, increasing rents (up 56.8% since 2014), and rising property prices (up 65% since 2020) are causing a housing crisis and a 22 percent increase in homelessness since 2017.
Brisbane's Housing Crisis Amidst High Resident Satisfaction
A Brisbane council study shows 92 percent of residents rate their quality of life positively, but rapid population growth, increasing rents (up 56.8% since 2014), and rising property prices (up 65% since 2020) are causing a housing crisis and a 22 percent increase in homelessness since 2017.
Progress
36% Bias Score
\"Dutch Housing Subsidies Primarily Benefit Landowners, CPB Warns\"\
\"The Dutch government's €5 billion housing subsidy plan is likely to primarily benefit landowners, not buyers, due to limited building space, according to CPB research; alternative approaches are needed to increase affordable housing, the CPB states.\
\"Dutch Housing Subsidies Primarily Benefit Landowners, CPB Warns\"\
\"The Dutch government's €5 billion housing subsidy plan is likely to primarily benefit landowners, not buyers, due to limited building space, according to CPB research; alternative approaches are needed to increase affordable housing, the CPB states.\
Progress
36% Bias Score
\$1 Million+ Salaries Needed to Buy Homes in Five California Cities
Realtor.com research reveals that annual salaries exceeding \$1 million are needed to afford homes in five California cities (Atherton, Montecito, Malibu, Hillsborough, Los Altos Hills) due to high home prices and a 30 percent income rule for housing.
\$1 Million+ Salaries Needed to Buy Homes in Five California Cities
Realtor.com research reveals that annual salaries exceeding \$1 million are needed to afford homes in five California cities (Atherton, Montecito, Malibu, Hillsborough, Los Altos Hills) due to high home prices and a 30 percent income rule for housing.
Progress
56% Bias Score
Slovakia and Czech Republic Rank Lowest in European Housing Affordability
A BestBrokers.com report reveals that purchasing a 100-square-meter home in Slovakia requires 297 times the average monthly salary, significantly more than in other European countries like Denmark (114 times). Globally, Nepal requires 684 times the average salary.
Slovakia and Czech Republic Rank Lowest in European Housing Affordability
A BestBrokers.com report reveals that purchasing a 100-square-meter home in Slovakia requires 297 times the average monthly salary, significantly more than in other European countries like Denmark (114 times). Globally, Nepal requires 684 times the average salary.
Progress
44% Bias Score