UNSW/Everybody s Home
The overwhelming majority of Australia’s top economists and housing experts agree Australian governments pay too little attention to housing system impacts on productivity and growth, according to a new survey.
In the UNSW City Futures Centre study, led by Honorary Professor Duncan Maclennan and commissioned by the Housing Productivity Research Consortium formed by a group of private sector and non-profit stakeholders, 84 per cent of respondents agreed with the statement: Australian governments have paid too little attention to how housing outcomes also affect productivity and growth.
And 80 per cent agreed that: Rising mortgage debt poses an economic stability risk to Australia.
buildings are to be replaced by three high-rise apartment towers. The sizeable garden areas within the estate will become roads. And the community that’s developed within the complex that received a design award in the past will be destroyed.
The new apartment blocks are set to contain 425 dwellings. The 108 public housing units will be replaced by 130 “social housing” units. Yet, when the math is done, this doesn’t mean there will be more social housing tenants than there currently are.
The New South Wales government is promoting the new units as “social housing”. However, it really is community housing – 70% of which is private and 30% which is community housing. This has been the department’s public housing “redevelopment” theme for two decades.
Melburnians flee the city as COVID hits students and workers
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Melbourne experienced a 30 per cent collapse in the number of people relocating to the city from other parts of the country during the pandemic, while students and people of prime working age fled for regional Victoria.
New data from the Australian Bureau of Statistics show a net 7445 people left the Greater Melbourne area through the September quarter, more than three in five of them moving to a regional bolthole.
Melbourne CBD was empty during lockdown, contributing to people moving away to find work.
Credit:Wayne Taylor
Sydneysiders flee for the bush, led by students and workers
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Sydneysiders have been fleeing for regional parts of NSW, Queensland and even Canberra, using the coronavirus pandemic to look for work and affordable housing outside the nation’s most expensive city.
During the September quarter a net 7782 people left the Greater Sydney region, three in five of them moving to a regional part of NSW, data from the Australian Bureau of Statistics shows.
Sydney CBD was relatively empty during lockdowns.
Credit:James Brickwood
Melbourne lost a net 7445 residents, which along with Sydney’s figures resulted in capital cities nationally losing 11,200 people to regional areas, the biggest quarterly movement out of metropolitan Australia on record.
NSW population slowdown no excuse to stop building homes, says Stokes
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NSW needs to keep constructing homes to reduce a structural shortage of dwellings despite a slump in migration slowing growth in the state s population, Planning Minister Rob Stokes says.
The NSW Planning Department s latest report shows the state s population reached 8.16 million people at the end of June, a rise of 76,700 people, or 0.09 per cent, over the course of the 12 months. That was slower than the average annual growth rate since 1971 of 1.1 per cent.
A shortage of housing in Sydney remains despite a slowdown in the pace of population growth.