Young people appear to have little prospects for employment apart from jobs in hospitality and retail. What brought this about?
We can think of some reasons. They include the Liberal Coalition policies inviting:
-Visa workers who accept low wages to gain ‘permanent residency‘
-the demise of TAFE
-employers having access to cheap labour from visa workers
-the loss of manufacturing for cheap imports
-an economy based on high density residential development esp. mixed-use development of shops, cafes and warehouses, childcare on lower floors
-thus expansion of the retail and hospitality sectors
WHAT this report does not reveal is why those aged 75 and older may own their own home is because of their age; 40, 50 years spent paying a mortgage; during that time they paid their full taxes to cover the cost of their parents aged pensions … they enjoyed job protections, good wages and conditions through Union membership. And there were more job opportunities with a bigger range of industry …
-currently though more older women are finding themselves homeless due to insecure work; less employment continuity due to child rearing; marriage breakdown and/or domestic violence
KEY POINTS from Professor Gray’s research …
-1 in 7 Australians struggled to pay rent or mortgage payments during Pandemic
-housing stress has doubled to that of 3 months earlier
-44% of young people could not meet rent or mortgage repayments
-a relationship between age and not meeting housing payments on time
-young Australians largely employed in retail or hospitality * the hardest hit sectors by the Pandemic
-young people subject to lowest wages growth and consequently little savings
-less than 2% of those 75 and over struggle to pay rent or mortgages
QUESTION why won’t the Morrison Government come clean on what their plans are for JobKeeper from September with a review of payment now underway, and what of JobSeeker?
Rather than giving the victims sufficient payment to sustain life, does this Government prefer to look after itself with a pay increase?
In May 2020 Sydney’s rental market was described as ‘very much a tenants market right now, it’s probably the biggest tenants market I’ve seen in my last 20-years’, said Louis Christopher, Managing Director, SQM Research.
THAT no doubt was due to the huge job losses from the Pandemic as tenants had to move out … return to family … become homeless … consequently Landlords had to cut rents to find new tenants …
WILL this lead tomore SUPER FUNDS investing in not just Build to Rent BUT Build to Rent to Buy?
IT appears that AUSTRALIAN SUPER is leading the way by investing 25% in Assemble Communities, an ‘affordable build-to-rent developer’!
WITH a Whole Cohort of Australians locked out of home ownership prior to the Pandemic … that this HOUSING AFFORDABILITY CRISIS has only worsened now!
THIS would seem to be the logical solution to the housing affordability predicament. Recall years ago Public Housing Tenants were able to buy their home over time!
WILL the Morrison Government invest and transform the tax system to enable this sector to thrive for Australian First Home Buyers?
BECAUSE this Government has come in for much ridicule for their “HomeBuilder” scheme …
Note how Geoff Hamner, Brendan Coates and others sum it up!
AND from Michael West: ‘HomeBuilder: a sneaky plan for the Coalition’s franking credits crew to collar the pension?’
Developer, Assemble Communities wants 60 to 70% of their projects to be affordable housing.
WILL the Morrison Government join Australian Super, and invest?And would this Government ensure that only Australian citizens could access this housing?
ACROSS SYDNEY and MELBOURNE … many suburbs have had a complete demographic change through foreign investment … with obvious consequences … and if this Cohort of Australians locked out of the housing market were in fact given the opportunity to enjoy HOME OWNERSHIP … that this might create better social cohesion!
AND like housing projects would create jobs and boost our economy …
The model allows tenants to rent for five years to progress to buying at an agreed fixed price when they entered the lease.
-fund members in receipt of a good return
-affordable housing for Australian workers
The difficulty to be overcome is the extreme financialisation of land!
-build to rent developers are at a disadvantage compared to mum and dad investors in private rentals
WHAT is needed is for the Scomo Government to deliver incentives to increase the growth of this sector and hence reduce pressure on the investors to reduce the cost of these apartments
THIS would ensure the viabililty, profitability of the property sector and benefit Australians locked out …
ISN’T it time to implement and enforce the second tranche of the Anti-Money Laundering Laws for the Real Estate Gatekeepers … ??
IN early April 2020 the NDT for the Daily Telegraph did a sympathetic story for the remaining tenants of Ivanhoe Public Housing Estate …
IVANHOE ESTATE was an architect designed Public Housing Estate of apartment blocks and townhouses set in amongst Australian bushland.
Demolition was to begin that week of 6 April even though some residents were still waiting for a replacement home!
The main road that cuts through the estate formed a community for these people over a mere 25 years before they learnt of their fate. It was a happy community conveniently located to the University, the Macquarie Park Shopping Centre, the Business and IT Park, with bus connections across Sydney! And modern housing!
The Liberal Coalition seems bent on demolishing any development aged more than 20 years … no matter that it was built to last as with the Bicentennial Projects of the stadiums and soon the Powerhouse Museum!
Ivanhoe demolished for two thirds private redevelopment … to dovetail with the Federal Government policy enabling developers to market housing projects 100% overseas particularly in China.
CHINA is now discouraging its people from returning to Australia … however the private redevelopment here would have already been purchased … will they onsell?
Perhaps it has now dawned upon Australians that they are being moved along … to get out of the way … whether it be for Public Housing demolitions … or suburban communities rezoned for higher density for new ‘Permanent Residents’ to launder their ‘hot money’ …
IT would seem that since the NSW Liberal Coalition has largely – if not entirely – demolished our Public Housing that on this occasion the Social Housing Sector have managed to get a sizeable share of the 3000 dwellings … with 950 Social Housing! And 128 affordable rental homes allocated … said to all blend with the private development …
… admittedly this is a big stride for this government that normally only provides 5% affordable and/or social housing … because now it really has to do something about homelessness …
Some residents were still on site in 45 homes because they had not been provided with a suitable alternative. The estate had only celebrated its 25th birthday when the tenants learnt of the Government’s plans …
Now after 28 years living in a home, and in a happy community it would be very distressing to be flung off in another direction, and to lose your community!
Read more! Ivanhoe public housing estate at Macquarie Park set to be demolished
THE MORRISON GOVERNMENT HAS UNVEILED ITS $688M HOMEBUILDER PACKAGE: NICKI HUTLEY IN AN INTERVIEW WITH RACHEL PUPAZZONI: THE BUSINESS
THIS week the Government’s Homebuilder Package was unveiled to keep the construction industry hammering along …
-the sector supports more than 1 million jobs; facing a 40% fall in work after current contracts are completed
-owner occupiers can apply for $25,000 towards building or renovating their homes
-but they have to spend $150,000 to get the grant
-new builds are capped $750,000
-renovations can be made if the home is worth less than $1.5 million
-eligible builders will have to already be registered which has a tight 6 month timeframe
CONCERN the scheme does not go far enough:
Nicki Hutley made these points:
– the higher end of income earners; people in the top 90% most likely to be able to afford this package; they will have to spend $250,000 or $125,00 of their own money
-those able to do the renovations; obviously a lot more if you are going to build a house
-if you have a total package of $700,000 max. income of $200,000; it is unclear if you have enough money or whether the value of the home build in big cities where people have higher incomes will meet the criteria
Rachel: The government is forecasting it will receive about 27,000 applications
If this package is targeted towards people on higher incomes yet we are in a recession
-Nicki in response said that many will be nervous about their job; where the economy is going; people will put renovations off; some may view it is nice I will get an early Christmas present from the government of $25,000
–but the size and scope of that spend is not a sensible decision for most to make
-it will tweek some people over the fence; but the government is not likely to get the 30,000 number they are thinking
Rachel raised the issue that there is quite a bit of criticism because there is nothing for public or social housing
Nicki in response:
–in my opinion the government has totally missed the mark; think about the chronic issue of housing affordability, and affordable housing, social housing, the need for refuges for domestic and family violence
–a one in a century opportunity to use stimulus to do excellent social good; not to take taxpayers money to be put in the hands of middle income or wealthier families but to stimulate the economy to benefit more people and not just the few those least likely to need that support
–providing lower cost housing for most people; community housing model needs government support by granting land
-giving additional grants like the Rudd Government; it did stimulate some spending
–we can support that sector to provide more housing for more people who cannot access any sort of housing
–the levels of homelessness are rising particularly older women; this is the sector we need to support the most
-in normal circumstances this would add to house prices as we have seen with first home owners grant in the past
-because the market is so soft; difficult to say whether it will get passed through and see a rush of people
-clearly a rush on the sector in the next six months will push up prices unnecessarily
-it would be unusual if we did not see some upward pressure
-it is going to have to be managed very carefully; builders will have to be licenced; a good thing
–obviously will have some adverse effects
AT CAAN we are seeing and reading of more Economists seeing the poor policies of this Government for what they are … noticeably now since 2017.
HAS the ‘penny dropped’ that with high immigration, visa manipulation and money laundering that a whole Cohort of Australians are being replaced by this ‘Silent Invasion’? Not only in the housing market but the jobs market too!
HAS the real estate tourism forced out … the Economists extended families, friends, neighbours … to live as much as 60, 80 Km from their workplaces … and some have lost their jobs … even become homeless!
There has been much media for some time targeting Baby Boomers for the increased house prices. Has the media been forced to overlook this Silent Invasion of the Visa Real Estate Tours; the vast range of Visas encouraging foreign acquisition of Australia’s residential property; the FIRB ruling allowing developers to sell 100% of ‘new homes’ to foreign buyers? … and …
-the exemption for the Real Estate Gatekeepers from the second tranche of the Anti-Money Laundering Laws by the Morrison Government in October 2018! This tranche had been shelved for some 12 years prior!
Back in May 2017 Nicki Hutley was on the panel of a Forum run by the Fifth Estate on Housing Affordability where CAAN raised the issue of foreign buyers; that it had been reported that only 11 per cent of new homes were bought by foreign buyers; but that the real percentage was concealed by the role of the onshore Daigou; and that the FIRB ruling of 2008 implemented in 2009 allowed developers to sell 100% of ‘new homes’ to foreign buyers. This was Nicki’s response:
Nicki Hutley: We mapped this a while ago and it has obviously increased significantly in the last couple of years. But it is not the whole story. It’s an element of it. All of these things, I think with housing affordability, one of the things I was looking forward tonight was not getting bogged down in one thing like negative gearing but actually looking at the bigger picture.
All the drivers of demand, all the drivers of supply, and looking at it in a holistic way because there is not one silver bullet. It’s not going to be solved overnight and lots of different pieces of the puzzle need to be moved together. Yes, there has been a significant increase in foreign investment in the past couple of years. Yes there are people getting around guidelines, although those guidelines have been tightened up since the FIRB was under review.
Yes, there will always be people who get around the system but they are a relatively small proportion of the population. And the only thing we can say about that, is that if there’s development going on that is precluding other development going on …
If new development is being funded by Chinese and occupied by Chinese, it is not affecting the net impact on Australia. It’s only if that is stopping additional supply coming onto the market – though given that the construction industry is at capacity then there is good reason to suggest that that is in fact the case.
“It’s not going to be solved overnight and lots of different pieces of the puzzle need to be moved together.” – Nicki Hutley
LAST NIGHT ON 7.30 PwC Chief Economist, Jeremy Thorpe … at about 4.30 minutes into the report … talked about:
-creating a growth economy not fortress Australia -that the growth economy largely based on immigration will put us back on track quicker, and will generate billions more
ISN’t it a shame these so-called policy influencers seem to still …
-believe in the ‘trickle down’ economy -believe in the forever growth economy
These rusted on capitalists seem to have failed to understand it is:
-not always about them and their precious never-ending desires for more
–the Earth’s resources are finite despite their best efforts to deny this reality
IT was quite clear the battle-lines are already being drawn to counter some of the prevailing views following the failures of our current structures to deal with a major health, social and economic problem caused by an imported virus
These opportunists see it as their duty to warn against Australia turning … to pivot in a direction:
–away from being completely open to the whims of foreign markets, companies and foreign governments
-that differentiates us, that we can chart a course that is about doing things for ourselves
-and not being so reliant on overseas supply chains for just about everything!
They infer dangers lie ahead if we do, even using the label ‘fortress Australia’ links any such thoughts -with a negative sentiment
–suggestive of xenophobia
-less valuable…and so on
BUT what about those who think otherwise?
THE 7.30 report didn’t cover a point of view that explained what would happen if Australia did more for itself, that there may be merits derived from having a more modest immigration intake, where was the balance?
-earlier reports about a wealthier smaller Australia
–a clever Australiainvesting in itself, that it’s not just about
.digging holes in the ground .educating foreign students .selling our domestic housing to foreigners .selling anything and everything we once owned to foreigners; the money that flows in .not being clean and our government not showing any interest in knowing about it .that our real estate continues to be an international hotspot for money launderers and still it seems THAT is being tolerated … (Real Estate Gatekeepers exemption from Anti-Money Laundering Laws October 2018)
THAT IT CAN BE ABOUT DOING … MAKING … CREATING HERE IN A SUSTAINABLE WAY!
View7.30: ‘How life might look after lockdown’ … where the discussion begins with Jeremy Thorpe, PWC Chief Economist at about 4.30 minutes in
New Zealand is in the grip of a housing crisis. Dateline meets the struggling families living in one of the world’s most unaffordable cities, and the man helping the homeless become home owners.
AND THEN SOME …
HOW has New Zealand a progressive egalitarian place where left leaning Australians looked across the Tasman with envy … with a young feminist Leader with a social conscience who came to power promising kindness and compassion … so you might be surprised to learn that inequality is rife.
WHAT is impeding the Adern Government from fulfilling their promises?
The average house in Auckland now costs over a Million, and the average rent is almost $600 a week
The New Zealand Housing Crisis is pushing those most vulnerable into a desperate situation.
The fallout from the CoronaVirus Pandemic only worsens the situation.
With a leader who talked about compassion which is now only rhetoric when on the ground there are families seeking emergency care from New Zealand’s welfare system.
The team are on the frontline of the Housing Crisis – a volunteer organisation operating in Auckland for 10 years now.
The majority of the people they work with have been squeezed out of the rental market; they can barely afford the weekly rent or maybe homeless!
Auckland has become one of the most unaffordable cities in the World ranked behind Sydney and Melbourne.
Families like these (as shown) can’t afford to buy food! On the minimum wage housing costs 70% of their income. When prompted by the Advocate they reply that after paying for rent and bills they only have $100 a week left.
People on benefits can get an emergency grant but these need to be repaid creating a debt trap!
The worker interviewed has had personal experience of homelessness! She said:
‘I have been homeless in the past; stayed in my car for two weeks until I got into a boarding house.’ She was asked what was that like and replied:’It didn’t feel good; it wasn’t a safe environment to be in being homeless. It’s not a safe place to be at all.’
Vulnerable families are struggling to keep a roof over their head with thousands of households on the waiting list for public housing. With 8000 homeless going without a safe place to call home!
Yesterday this man was facing a night on the streets. AAAP helped him access emergency housing.
The government has just agreed to increase benefits by $25 a week as part of its Covid 19 support package but last year it ignored an expert report recommending the benefit be increased by almost 50%.
Thousands of people are homeless. One of Labor’s policies is fixing the Housing Crisis. To build 100,000 homes over 10 years; the government promised affordable housing.
But there were problems from the start.
The government fulfilled their promise *** by stopping foreigners from buying existing homes.
70% of the homeless population live in overcroweded houses. They are called the invisible homeless people camping out or living rooms of relatives ***
Eight people squeezed into a small public house with mum and dad forced to sleep in the lounge.
During the CoronaVirus Pandemic overcrowding will pose a serious risk to public health. There is little hope of a short term fix.
These people have been on a waiting list for a bigger home for three years. One of the boys has a dream to own a house. He said ‘it would feel like you could bring your family over if you want. You don’t have to hide – this is your own property you own that you can do it.’
But home ownership has been declining in New Zealand for years. Where the Landlord is King.
An investor/landlord was interviewed; his plan is to buy a house each year so that he has sufficient income to do what he wants. He said any successful landlord does not get rid of a tenant unless he has a really good reason.
He then indicated the homes that he owns; five homes on the one block.
He wants to make a good living off the rental income; he does everything himself. (maintenance)
His tenants stay a lot longer than they used to with less options probably more difficult for them to find another property.
One of his tenants said she used to rent a garage for $450 a week to live in before moving to this house. ‘We were desperate at the time – nobody would take us on; that was about a year ago; stayed there for
about two years.
Four living in a garage must have been cold in Winter? She described every time it rained water would come through.
In response to the CoronaVirus the government has announced a rent freeze but before the Pandemic some landlords were taking advantage of the Housing Crisis.
But ‘Peter’ has a Plan to help tenants gain more rental security offering a ten year lease.
It is giving tenants the room to do what they want to do with their home.
The landlord would provide the shell of the building; the tenants would rent the property and provide their own flooring, light fittings etc; the model in place in Germany and Scandinavia.
He said ‘that is an option I would like to see and I think it would make a difference to the housing market. My tenants are secure now …. when I die they are going to be looking for a new home, but there is little political ….
for any significant reforms to the housing market.’
The winners are the people already on the property ladder. For young people the crisis will play out for years to come!
New Zealanders without home ownership – it is seen as something that makes you an adult. When you don’t you have a sense of being disconnected; of not achieving of being a failure.
The man who mortgaged his own home to find a unique solution for families ….
New Zealand housing ciris
moving here for affordable housing … a … town in one of the country’s most depressed regions and ……………………….where 60% moved in the rural areas and moved out of the cities.
The reversal of the 60s urban drift where60% moved to the rural areas and moved out of the cities
The reversal in the 2000s now plroviding rentals available so many of the families are living in makeshift cabins, buses …. to living in overcrowded conditions.
This is the gateway into property….
The Maori community leader mortgaged his own house to buy this land in the hope to give the community a new lease on life.
He then found abandoned derelict public houses in Auckland and trucked them up here, and created a little suburb where there were farmlands. They had been sitting in Auckland ***
Ricky has an unconventional plan for addressing the housing crisis.
The first step involves ………….. homes and making them habitable again.
Ricky said: ‘You have to be able to see the goodness in everything.’
Oodoo got a house from the Trust. …
he has given us a home; put a roof over our heads, and I’m very grateful for that.
The second step of Ricky’s Plan involves housing families but it’s about more than just putting the roof over their heads.
Ultimately the ….. is to take people who are homeless turn them into home owners over 14 years.
Families pay $275 a week
Most of which goes to paying 160
cost of ….
turns around a historic decline in Maori home ownership from …..
dependence yhousing in ….
We were living from house to house with out suitcases Leon and OOdoo originally from Papua New Guinea tried making it in Australia but came back when it didn’t work out.
When they returned there was a lack of rentals …. with two kids in toe.
Nobody wanted to rent to a couple with two and three children. They appolied for social accommodation that links
NGO and she put us down on a waiting list and asked us what we were going to do if we didn’t have anywhere to go, and I told her we would go and live in a tent with our kids =.
They were provided emergency accommodation, and the opportunity to join the home ownership program
WHAT it appears this excellent program has not considered … sadly it looks like because the Ardern Government has not been able to honour all its promises, and may not be returned … that New Zealanders may well return a conservative Government that helped create this predicament in the first place with their policies!
It was during their term that the visa holder money launderers bought up New Zealand domestic housing, and house prices consequently escalated with the high competition
SO we talk about what we know, and what’s in it for the Property Sector …
A proposal for a $5M boarding house labelled as a “new generation boarding house” … that looks like a commercial building has been approved after a long legal battle with Northern Beaches Council.
The Land and Environment Court is perhaps known as ‘the developers court’ for good reason … because despite more than 100 submissions the developer has been granted approval by this court.
‘The project called ‘The Beehive’ looks to promote “affordable housing in a desirable location” and has been designed as “key worker housing” for Northern Beaches Hospital — with it just 600m from the health facility at 10 Naree Rd.
It would include the demolition of existing structures on the site, trees and the construction of a three-storey, 27-bedroom complex with parking for 11 cars, five motorcycles and five bicycles.
The plans incorporate accessible rooms, accommodation for an on-site manager and each room comes with its own bathroom and kitchen facilities with an additional communal kitchen, living room and private open space. It would accommodate a maximum of 50 people.‘
The original proposal was for 39 rooms with 16 parking spaces.
SO the local residents objected because this proposal would rob them of what they have paid for! The amenity of a low-rise low-density bushland suburb, and in an area already subjected to inadequate parking. Why would they accept a bulky boarding house in their midst? That is not in character with the area to adversely impact neighbours on all sides!
How did we get here? How come the best on offer for ‘Key Workers’ are boarding houses? AND an afterthought following the opening of the Northern Beaches Hospital …
Not a home of their own … how come? With the only option to find a home 60 – 80 Kms from the CBD/ their workplace or a boarding house near where they work?
IS this because NSW INC policies have been written by the ‘deve-loper Family’ … The Mob? So they market their dwellings 100% overseas, and ‘hot money’ is awash in Australian real estate?
HOW come our beautiful middle ring bushland suburbs are being bulldozed?
WHO instigated this? Was it HT … the Concrete Kings … their lobby groups ?
The benevolent developer applicant in this matter, Michael Williamson, made a public submission:
“Unlike other hospitals, Frenchs Forest hospital has very limited accommodation and public transport options in proximity to the hospital,”
“The proposed development will provide much-needed affordable rental housing in close proximity to the hospital and will therefore help reduce traffic in the area as well as reliance on cars and public transport as hospital and shopping centre staff will be able to walk to work.
FURTHER … THE SPIN …
‘The proposed development also fits in well with the local character and has been carefully designed to respect the privacy and amenity of the adjoining properties.”
DESPITE its size of three-storeys, a bulky 27-bedroom complex with parking for 11 cars, five motorcycles and five bicycles … that compliments the local character of bungalows and two-storey cottages … yeah …
Then he reckons it is compliant … namely because of the Sting of ‘Exempt and Complying Development’ that has done away with the D.A. And in the public interest with ‘Key Workers’ housed in boarding houses that cost them $400 to $450 per week in rent … locking them out of the Housing Market!
Prior to this … a boarding house site approval at 26 Frenchs Forest Rd East, Frenchs Forest …
AND another boarding house on the market has been built and is leasing out rooms at 130 Frenchs Forest Road, Frenchs Forest.
HOW convenient for developers when there is no hotel in the Northern Beaches Hospital area to capture relatives of hospital patients, doctors working long shifts, and aspiring Australian First Home Buyers living in studio accommodation.
YET their ‘Key WorkerParents’ were able to save a deposit for a mortgage … hm … is that now the ‘trickle down effect’?
PLEASE SHARE TO LET OTHERS KNOW … a ‘Boarding House’ maybe coming for where they live …
SEARCH CAAN WEBSITE TO FIND MORE ABOUT …
-the FIRB Ruling allowing developers to sell new homes 100% overseas
-visa manipulation …
-the Morrison Government exempted the Real Estate Gatekeepers from Anti-money Laundering Laws in October 2018
‘IT remains the Australian dream, but finding a family home in 2020 means moving to Sydney’s urban fringe and often a killer commute.‘
HOW did this come about? And just over a couple of decades!
IS it because developers lobbied our governments for an overseas buyer market, high immigration and gained the cooperation back in the late 1990s for Visa Manipulation … whereby Middle Class Chinese gained ‘Flexible Citizenship’ with investment in our Real Estate and Education … and an increasing range of Temporary Visas since facilitating migration through the backdoor with investment to gain a ‘Permanent Resident Visa’?
AND further Rezoning for higher density?
THE CONSEQUENCES of the very long commute and inadequate infrastructure … and the ramifications for these home owners and their families are borne out in this report …
BUT solutions are canvassed … investigated in this ‘Our Bursting Cities’ Report!
BECAUSE if things don’t change, we’re “sleepwalking” our way into a major economic disaster!
AUSTRALIA has one of five fastest growing cities in the World!
WHY is this so?
When we are not China, India, Indonesia …
KEY WORKERS are being squeezed out, and that is bad for all of us!
Where you can afford to live and where you need to be are two very different
HOW BIG are cities getting around the World?
By 2050 there will be 9 BILLION People on the planet with some 68 -70% living in
-in 2008 we crossed the landmark with 55/60% of the World’s population living in cities
-Australia is one of the most highly urbanised countries
-a lot to do with changing economic patterns of jobs and services
-driving people inherently to where people conglomerate in large numbers
–international migrant program is a significant proportion of our growth
-migrants are attracted to Sydney and Melbourne for employment
–a large proportion are international students
-our migration program was ramped up in 2009 because of the GFC
-Melbourne’s growth double that of a lot of other global cities; playing catch up with
transport and infrastructure in Sydney and Melbourne
–one of the key findings is that economic growth is not across the board; the extra wealth generated goes to the top income brackets; it is not trickling down!
-a key issue is housing because housing is a basic need, and an economic opportunity *
If you are thinking about housing as an economic opportunity and if you have a lot of people who have the wealth to purchase housing at higher and higher prices you have a situation where you are pushing a lot of people out of the Housing Market
-a moderate income earner whose salary is not good enough to buy a house in the city you want to live in
-the housing market is a huge generator of wealth inequalities
-very sharp reduction in interest rates; phenomenal impact with staggering price of housing
-low and moderate income earners cannot afford to save the deposit
.Australia’s rental properties on World standards are quite expensive
.now looking at 3% interest rates
.doubling the housing prices in the cities
-key workers are struggling to meet the deposit gap for homes close to the city
-teachers and nurses are moving a long way to buy more affordable housing
.with commutes of 2 hours each way to work
.hospitals are struggling to recruit staff because they can’t afford to live anywhere appropriate
.the consequence e.g. intensive care nurses end up working in nursing homes, in general nursing
.problems are emerging now unlike for nurses who bought homes in the early 1990s
-talking about the idea of Poly Centric Cities
.the nature of some jobs is to be concentrated, and the nature of some jobs to be dispersed
.Sydney a traditional city in which a large number commute to the single concentrated hub or a large number to the dispersed areas
.those living on the periphery travel longer to reach concentrated hubs
.if there were more hubs and mixed-use development providing access to a service is also someone else’s job
.a number of different CBDs and hubs rather than a single one; talking of a more efficient structure
.where no-one has to travel beyond 30 or 40 minutes each day to access their job or the service they require
-it comes down to coordination between local government, metropolitan and state level
.with the Greater Sydney Commission (GSC) at the metropolitan level
.the Department of Planning at the state level
.and local government with an incredibly important role concerning social and community infrastructure
Finally professionals are telling it as it is … not so bluntly as we at CAAN … it’s time obviously for a cut to Immigration and Visa Manipulation!