Tag #Housing Affordability

Showing 37 to 48 of 155 results

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Older Australians Face Home Loan Barriers, Exposing Retirement Insecurity

Justin Flowers, a 52-year-old graphic designer with $300,000 in savings, and Naomi Oakley, a 56-year-old, were both denied home loans, highlighting a broader issue of older Australians facing financial precarity due to limited access to homeownership, despite government initiatives like Help to Buy.

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40% Bias Score

Reduced Inequality
smh.com.au
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Melbourne Suburbs Show Longest Property Hold Periods

A Cotality analysis reveals Melbourne suburbs with the longest median property hold periods, including the affluent Portsea (21.9 years) and more affordable Brimbank suburbs like Keilor Downs (16.2-16.7 years), indicating strong community bonds and owner loyalty, contrasting with the city's 9.6-year...

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56% Bias Score

Sustainable Cities and Communities
theglobeandmail.com
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British Columbia Deferral of Development Charges: A Half-Measure Compared to Other Cities' Cuts

British Columbia will allow developers to defer three-quarters of development charges for four years, while other cities like Mississauga and Vaughan have implemented significant cuts to these charges, which add tens of thousands of dollars to the cost of new homes, particularly in expensive markets...

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52% Bias Score

Reduced Inequality
sueddeutsche.de
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German Housing Affordability: Miesbach Least Affordable, Holzminden Most Affordable

Germany's housing affordability shows stark regional contrast: Landkreis Miesbach is the least affordable (index 52), while Holzminden is the most (index 174), reflecting income disparities and low construction rates, leading to projected 3-5% annual price increases.

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40% Bias Score

Reduced Inequality
theglobeandmail.com
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Toronto Jeopardizes $30 Million in Federal Housing Funds by Scaling Back Sixplex Plan

Toronto City Council scaled back its agreement with the federal government to allow sixplexes citywide, limiting them to nine wards, jeopardizing $30 million in federal housing funds and potentially setting a negative precedent for other cities.

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56% Bias Score

Sustainable Cities and Communities
smh.com.au
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Melbourne One-Bedroom Apartments Cheapest in Australia

Melbourne's median one-bedroom apartment price is $360,000, the lowest among major Australian cities due to oversupply, delayed building standards, and buyer preference for houses, impacting price growth and investor markets.

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40% Bias Score

Sustainable Cities and Communities
theglobeandmail.com
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Canada's GST Home Rebate: Limitations and Potential for Improvement

The Canadian government introduced a GST rebate on new homes up to $1 million for first-time buyers, but its limitations and regional price variations need addressing to maximize its economic impact and address housing affordability.

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52% Bias Score

Reduced Inequality
theglobeandmail.com
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Canada Explores Housing Market Intervention Amidst Sales Slump

Canada's housing market faces a downturn with slumping sales and project cancellations, prompting the federal government to consider interventions like expanding the GST exemption for first-time homebuyers and potentially removing municipal development charges to stimulate the market and address a h...

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44% Bias Score

Sustainable Cities and Communities
smh.com.au
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Australian Housing Crisis Docu-Film Highlights Investment Over Housing

Mark Humphries' new documentary, "Sold! Who Broke the Australian Dream?", explores Australia's housing crisis, interviewing renters, public housing residents, and a property investor, arguing for a societal shift away from viewing homes primarily as investments.

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48% Bias Score

Reduced Inequality
theguardian.com
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Mamdani's NYC Rent Freeze Proposal Faces Pushback Amidst Housing Crisis

New York City mayoral candidate Zohran Mamdani proposed a citywide rent freeze for 1 million rent-stabilized apartments, aiming to appoint supportive rent guidelines board members; critics call it unrealistic, while supporters cite a precedent of rent freezes and highlight the broader context of a h...

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60% Bias Score

Reduced Inequality
bbc.com
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Lifetime ISA: Financial Hardship and Calls for Reform

The UK's Lifetime ISA (LISA), designed to help under-40s save for their first home or retirement, faces criticism for its 6.25% early withdrawal penalty and inflexible £450,000 property limit, creating financial hardship and discouraging participation among lower-income groups, leading to calls for ...

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56% Bias Score

Reduced Inequality
elpais.com
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Higher Rental Yields Found in Spanish City Peripheries

The Spanish Tax Agency's 2023 data reveals significantly higher rental yields (8%+) in peripheral neighborhoods of major Spanish cities like Madrid and Barcelona compared to central areas (under 4%), primarily due to lower initial acquisition costs despite lower rental income; this trend is expected...

Progress

40% Bias Score

Reduced Inequality

Showing 37 to 48 of 155 results