'Market failure': Regional Australia Institute says there's no one-size-fits-all approach to fixing housing crisis

  • 📰 abcnews
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 83%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

The institute identifies regional housing markets that are failing and stagnant, and offers solutions to the crisis.

"In many Scandinavian countries, the government will provide a guarantee of finance, that it provides a top-up to someone borrowing a loan," Dr Beer said.

"We know that people in regional Australia have lower income, more variable incomes than those in the capital cities.""They need to invest in the development of new land, they need to invest in social housing, and they need to make sure there's enough land zoned for development," Dr Beer said.If the situation continues to deteriorate, Mr Beer said regional Australia would suffer.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Stop immigration!

Global population crisis is the real problem.

We need a comprehensive decentralisation plan that encourages businesses to move jobs to the regions, creates more affordable housing, and allocates funding for improved infrastructure and better community / essential services…

There is one solution to fix the issue, but no one likes it. Restrict lending, fixes all the issues. 50% minimum lvr for investors. 25% for PPOR. No exceptions. Sit back and watch housing and rentals become ‘affordable’ very quickly and stay that way.

Simple. Arrest all the money launderers and foreign ownership and put the empty properties back onto the market.

who would want to live in Newcastle or Penrith? sterile decaying regions

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in SG

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How long does it take for a rate rise to hit the housing market?AMP Capital chief economist Shane Oliver says that historically, changes to the cash rate had taken months to have an effect, but the lag has now narrowed Domaincomau
Source: theage - 🏆 8. / 77 Read more »

Fed warns of worsening market liquidityThe US central bank issued the warning in its report about liquidity, the ability to buy or sell an asset without influencing the price, following several frenzied months in US markets.
Source: FinancialReview - 🏆 2. / 90 Read more »

How long does it take for a rate rise to hit the housing market?Experts say the historic lag between an interest rate change and its effect on the market is shortening.
Source: smh - 🏆 6. / 80 Read more »

House sells $600,000 over reserve in falling marketThe vendors of this Sydney property were concerned how buyers would respond to their smaller-than-usual family home. They needn’t have worried. What kind of moron pays $6mio to live in Haberfield? Let me guess...some Chinese investor laundering money.
Source: FinancialReview - 🏆 2. / 90 Read more »

Biotechs want to unlock the psychedelics market, but it isn’t simpleThe huge boom of investor interest in psychedelics companies has been complicated by the tight regulations on the drugs and need for more evidence to flow through.
Source: brisbanetimes - 🏆 13. / 67 Read more »

Biotechs want to unlock the psychedelics market, but it isn’t simpleAustralian biotechs are high on optimism about the multi-billion dollar potential of psychedelic treatments for mental health, but regulators still have big question marks | MsEmmaK
Source: smh - 🏆 6. / 80 Read more »