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Renting

Today

Flat rents in Sydney, Melbourne point to coming relief

New figures show asking rents plateauing or even falling in some markets after several years of sustained increase.

  • Michael Bleby

Yesterday

Coming down at Canary Wharf? Rents in London are at least slowing.

London’s sky-high home rents finally growing slower than wages

Rental growth in the UK capital matched the slowest year-on-year growth among the regions, with only Wales seeing a similarly small rise.

  • Tom Rees

This Month

Tourist boats on the Douro River near the historic city centre of Porto.

Meet the mayor who sees Airbnb as an agent for good

It’s better to have a short-term rental in a house that’s been refurbished than to have a ruin, says the head of Portugal’s second-largest city.

  • Joao Lima

June

The bills proposed by David  Pocock and Kylea Tink would make housing a human right in law.

Pocock, Tink push for 10-year housing and homelessness plan in law

Independent ACT senator David Pocock and teal MP for North Sydney Kylea Tink want a 10-year housing and homelessness plan enshrined in legislation to create certainty.

  • Ronald Mizen
Sydney university friends Chloe Linstrom, Gerard Buttigieg, and Rose Donnelly say students are spending more time working and less on campus amid growing cost of living pressures.

Online lectures at double speed: what uni is really like in 2024

Domestic students are being held back and international students aren’t getting what they need, says one expert. Universities know this. Why aren’t they doing more?

  • Gus McCubbing and Julie Hare
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CBA has remained disciplined and kept its margins despite increasing competition.

CBA unveils aggressive business banking strategy to take on Macquarie

Among measures outlined by the bank is a plan to target $20 billion in deposits real estate agents hold for renters, a niche dominated by Macquarie.

  • Michael Bleby, James Eyers and Lucas Baird
The collapse of Porter Davis left 1800 homes unfinished in Victoria and Queensland.

Insurance for new Victorian home builds to jump by 65pc

The Greens-controlled council is one step closer to imposing different rates for landlords and owner-occupiers after passing a motion on Wednesday night.

  • Updated
  • Gus McCubbing

This council is mulling doubling rates for landlords

A Greens-led Melbourne council is mulling charging landlords rates four times higher than owner-occupiers to help more first home buyers into the market.

  • Gus McCubbing

Rental homes hoovered up by US giant in bet on UK housing shortage

The Blackstone deal is the latest sign that Britain’s rental sector is attracting greater levels of investment from private equity groups and pension funds.

  • Melissa Lawford

May

Boomers continue to cop flak from younger generations, much of it unfairly.

Baby Boomers are loving the ‘freedom’ of renter life

Typically, those who don’t own a home worry it might be detrimental to their financial future. However, more Baby Boomers are in favour of renting.

  • Katherine Doherty
Rising interest rates and power prices mean Adam and Erin Foster’s dream of buying their first home keeps “slipping through the fingers”.

$300 off every household’s power bill in cost-of-living cash splash

In addition to a tax cut from July 1, every household will receive an electricity bill discount as part of a $7.8 billion cost-of-living package.

  • Ronald Mizen and Maxim Shanahan
Apartments for rent in the West Village neighbourhood of New York.

Why Australia’s long-suffering renters are not alone

Rents are soaring not only in Australia but also in the US, UK and Canada, preventing inflation from declining closer to central banks’ targeted levels.

  • Swati Pandey, Irina Anghel and Enda Curran
Victorian Premier Jacinta Allan (centre) with Planning Minister Sonya Kilkenny in Melbourne on Monday.

Victoria open to tax breaks to boost home building

Premier Jacinta Allan says her Labor government is open to pulling every lever available to boost housing supply, after developers called for taxation tweaks to boost investment.

  • Gus McCubbing

April

Melbourne’s abundant affordable unit offering could provide the city with a competitive edge in attracting a diverse workforce, including first-time buyers and those seeking more affordable housing options according to Suburbtrends.

The suburbs where you can buy a unit for under $400,000

Home buyers looking to score units under $400,000 will not easily find them in Sydney or Brisbane, but Melbourne and Perth still offer plenty, at least for now.

  • Nila Sweeney
Sydney home buyers would now need to allocate more than 74 per cent of their income to service a new loan for a house according to ANZ.

Housing affordability the worst in 20 years: ANZ

Soaring rents and record-high home values along with high interest rates have combined to create the worst buying and renting conditions in more than 20 years according to ANZ.

  • Nila Sweeney
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Merri-bek councillor James Conlan has come to blows with members of YIMBY Melbourne, a pro-housing density advocacy group over council’s plans to increase “vibrancy” in Brunswick.

NIMBY v YIMBY as Victoria’s housing crisis grows

A Melbourne council’s plan to increase “vibrancy” by prohibiting apartment developments unless they allow commercial space has been lashed by developers.

  • Gus McCubbing
The rental crisis is compounded by falls in residential construction.

Why renters face a perfect storm

Surging Australian rental prices compounded by record low vacancy rates and falling building approvals translate into a housing supply crisis.

  • Jennifer Hewett
Victorian Premier Jacinta Allan and Planning Minister Sonya Kilkenny (left) want to build up, as well as out.

Four key Melbourne suburbs haven’t built a major project in five years

Developers are warning that overhauling planning powers alone won’t be enough to fix the state’s chronic housing crisis.

  • Gus McCubbing
Finding an affordable place to buy or rent has never been harder.

Rents rise 11pc in Victoria as investors flee: NAB

Victorian property investment declined last year while advertised rents increased by 11 per cent, according to new data from NAB.

  • Gus McCubbing

March

More, built faster: Demand has been strong in the federal government’s first social and affordable housing tender.

First tender surge for Housing Future funds

Public housing waiting lists make it crucial to expand funding beyond an initially planned 8000 homes, investors say.

  • Michael Bleby

Original URL: https://www.afr.com/topic/renting-618