Aussie families left homeless – Wesley Mission

An increasing number of Australian families are finding themselves homeless due to a shortage of rental accommodation and public housing, a new study by Wesley Mission released today has found. The study reveals that displaced families currently make up at least a quarter of Australia’s homeless population and possibly as much as a third. Many families who are technically eligible ...

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Home prices of Australian capital city down 1.8% in March

Home prices of Australian capital city fell 1.8 per cent in the March quarter according to the latest RP Data-Rismark Home Value Index. RP Data research director Tim Lawless said that the numbers were being dragged down by a recent rapid build up of housing stock into the market. “The amount of realestate being advertised for sale is about 30 ...

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Now is the best time to buy – John Symond

Aussie’s John Symond believes that now is the best time to purchase your first home. According to Aussie Home Loans executive chairman, higher levels of savings, increasing rents, stable interest rates, a softer housing market have created a great opportunity for first home buyers to make their purchase. If you are considering making a purchase – it is very much ...

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Rental Crisis

According to recent research by RP Data, Australian capital city property rents are increasing even faster than the property prices. Housing shortage is the main reason for this increase. Rentals will continue to increase even further unless sufficient residential housing becomes available to meet the growing demand. Darwin and Melbourne experienced the most significant increases in rents, with the average ...

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Lack of government action on housing shortage – HIA

Despite the escalating problem of shortage of housing in Australia and the overall decline in the levels of new property development, there appears to be a lack of adequate action on behalf of the government to address these issues. HIA has issued a call to the federal government to implement some strong measures in this regard. Figures released yesterday by ...

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