Tuesday, 18 November 2008

Mixed bag for Sydney's renters: report

Rents for Sydney homes have increased by more than 16 per cent in the past year.

The New South Wales Government says there is good and bad news for Sydney's renters in the state's latest housing figures.

The quarterly Housing NSW Rent and Sales Report shows rent rises in Sydney's inner city suburbs are slowing.

But the Housing Minister, David Borger, says the data also shows that rents in other areas of the city are increasing.

"The latest report is showing that certainly rents in the inner city have decreased by a small margin, but rents in outer western Sydney are continuing to rise quite rapidly," he said.

"The last 12 months have seen rents rise between 16.4 per cent for houses and 20 per cent for apartments."

Mr Borger says the Government wants to pave the way for increasing affordable housing in 2009.

"I'm working closely with the Planning Minister, Kristina Keneally, to review planning laws to make it easier for council and developers to build more affordable housing across New South Wales, and we hope to have that ready to go by early next year," he said.


Greens push for affordable homes
The NSW Greens have introduced a bill into the Legislative Council that would allow councils to require up to 25 per cent of new multi-unit housing developments to be set aside for affordable housing.

More families needing emergency support
The welfare group Anglicare says it is noticing a growing need among working families for emergency relief and housing support.

Report warns new wave of homelessness
State and federal governments are being warned of a new wave of homelessness threatening disadvantaged families.

Upwardly immobile: mortgage stress bites
Reserve Bank statistics do not begin to tell the real story of housing stress in Sydney's western suburbs, according to financial counsellor Mike Young.

Households give up three years of gains
AUSTRALIAN households have been hit so hard this year that their financial gains of the past three years have been wiped out, a Reserve Bank report has found.

Rental rage surges in Sydney
One in three real estate agents have been threatened or abused by people frustrated at Sydney's rental shortage, a survey has found.

Qld has highest homeless rate in Australia

The latest Australian Bureau of Statistics (ABS) figures show Queensland has the highest homeless population in Australia.

More homeless seeking help: report
A new report shows there has been a substantial increase in the number of homeless Australians seeking government help.

Housing rents surge in Sydney
RENTS for houses across Sydney surged 8 per cent in the three months to June, driven by landlords facing higher mortgage rates.

First mortgages doubled in a decade: ABS

The amount first home buyers borrowed to make their housing purchase doubled in the 10 years to 2005-06, new statistics show.

Housing crisis forcing people to sleep rough
A Wesley Mission study found 71 per cent of respondents identified the housing crisis as the major reason for them becoming homeless. Of those, 88 per cent said accumulated debt and unexpected financial crisis were factors.

Funding fall 'locks workers out of housing'

People who cannot afford to rent or buy suitable homes have been locked out of public housing because of a drastic fall in national funding, a Sydney conference has heard.

Renters must pay for their own evictions
SYDNEY renters have plenty to gripe about. Not only are their rents soaring but they are also funding the legal machinery used by landlords to evict them.

NSW feels the deepest jobs cut

MORE than 17,000 NSW workers left or lost their jobs last month in the worst labour market reading in years, fuelling fears the state will suffer the brunt of the coming economic slowdown.

Welfare services under strain: survey

The number of people accessing community services is on the rise, a new survey shows.

Report warns new wave of homelessness
State and federal governments are being warned of a new wave of homelessness threatening disadvantaged families.

When pain persists, they arrive
People are still angry when they lose their houses, but he notices that "people nowadays seem to think, when they take a loan, that it's a risk and that if they take the loan they might end up losing their house".

'No warning' about Beechwood collapse
The New South Wales Government says it had no warning one of the state's largest building companies was about to collapse, despite receiving more than 100 complaints over three years.

Housing crisis is real: industry
The Housing Industry Association (HIA) says new research highlights the seriousness of Australia's housing crisis.

Fee too much for Block project
THE Aboriginal Housing Company has accused the Minister for Planning, Frank Sartor, of "trying to crucify" an ambitious housing plan for the Block in Redfern after his department refused to waive a $60,000 development application processing fee for the project.

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