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Can we learn from Britain's successes in affordable rental housing
The shift to not-for-profit housing associations continued after Labour took government in 1997. Smaller and locally based, housing associations were seen as more agile than councils, more attentive to tenants’ needs and better aligned with Tony Blair’s “Third Way.”
These arguments are familiar in Australia, where the not-for-profit, or “community,” sector is also growing. The Community Housing Industry Association’s chief executive, Wendy Hayhurst, recently urged the Albanese government to direct all the proceeds from its $30 billion Housing Australia Future Fund to her sector rather than do the “easy thing” and divvy the money up among community, state and private providers.
Hayhurst argued that community housing scores better on ratings of quality and resident satisfaction, a claim supported by the Productivity Commission’s most recent Report on Government Services. With its charitable status, the community sector is exempt from GST, land tax and stamp duty, which Hayhurst says enables it to build more houses for any given amount of money than state governments or businesses can.The elusive quest for decent homes • Inside Storyhttps://insidestory.org.au/the-elusive-quest-for-decent-homes/Not-for-profit associations are taking over as providers of affordable rental housing. What can Australia learn from Britain, where the trend is well advanced?Post is under moderationStream item published successfully. Item will now be visible on your stream. -
Yes, people with homes will be upset, but if it expedites the building of Affordable Housing, It is time called!McGowan government to strip power from WA councils under major planning law changeshttps://www.abc.net.au/news/2023-02-22/wa-government-planning-laws-local-government/102008212West Australian property developers will be able to circumvent local councils and access new infrastructure funding in major changes to planning laws designed to speed up the construction of thousands of apartments.Post is under moderationStream item published successfully. Item will now be visible on your stream.
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John Sheridan reacted to this post about 1 year agoMortgage prisoners trapped by negative equity are renting out their homes
First home buyer Nilesh Shukla also just had his rent hiked.
It was around $500 a week and increased to $700 for his property near Sydney's Olympic Park.
"We have opened our borders. And because of that the demand has increased," he notes.
"And with the increase in demand, getting a rental is also difficult. Honestly speaking."
And that may just push him to buying a home instead as it would be the same in mortgage repayments, as long as the agent is willing to "negotiate".This tiny apartment was going to sell at a loss. Instead it's up for rent at $370 a weekhttps://www.abc.net.au/news/2023-02-02/mortgage-prisoner-owners-rent-out-properties-negative-equity/101916956Home owners struggling with their mortgages who cannot sell because they are in negative equity are starting to turn to the booming rental market to avoid default.Post is under moderationStream item published successfully. Item will now be visible on your stream. -
John Sheridan reacted to this post about 1 year agoGreen Square, 4km from the airport, is the focus of a major urban renewal project.
City West’s plans for the site, which is residual land from the creation of the Ashmore Connector East Road, include 275 apartments across two buildings of nine and 11 storeys building with communal open space, basement level carparking and space for retail or commercial tenancies on the ground floor.
If approved, the development will offer a GFA of 25,270sq m with 23,467sq m of that set aside for affordable rental housing and 1599sq m for retail or commercial tenancies.
The proposed nine-storey building on the southern boundary of the site has a stepped design while the 11-storey building would front the eastern boundary.
City West Housing will undertake a design competition when and if the application is been approved. Once a design has been chosen, another more detailed development application will be submitted for planning approval.City West Files Affordable Housing Project for Alexandriahttps://www.theurbandeveloper.com/articles/330-botany-road-alexandria-green-square-city-west-sydney-affordable-housing-plans-filedA site a couple of doors down from Sydney’s Green Square has been earmarked for a potential affordable housing project by City West Housing…Post is under moderationStream item published successfully. Item will now be visible on your stream.
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