Housing Affordability and Housing Investment Opportunity in Australia

Housing Affordability and Housing Investment Opportunity in Australia
Author: Muharem Karamujic
Publisher: Springer
Total Pages: 338
Release: 2015-08-18
Genre: Business & Economics
ISBN: 113751793X

Contrary to other developed economies, Australia has experienced a long-term deterioration in housing affordability even between housing price booms. The house price boom that came after the global financial crisis has intensified the stress on Australian housing affordability to yet higher levels, and is likely to continue to be a concern for some time to come. This book reviews a range of available approaches for the measurement of housing affordability, and examines recent empirical evidence on housing affordability in Australia. It begins by explaining the relevance of housing to governments at different levels, the emergence of the housing affordability problem, and the global importance of housing affordability. It then explores the causes of the recent explosion in the number of institutions offering home loan products, analysing features such as the size, composition and changes in total lending and home lending in Australia. The author goes on to investigate the consequences of the two most recent rounds of financial deregulation, as well as the trends in interest rate and property prices, and recent changes in typical borrower behaviour. The book concludes by reviewing a range of available approaches in the measurement of housing affordability. It assesses whether there is a level of adjustment in housing affordability, and finally analyses which housing market segment represents the better investment opportunity during housing boom periods.

Housing Policy in Australia

Housing Policy in Australia
Author: Hal Pawson
Publisher: Springer Nature
Total Pages: 380
Release: 2019-12-14
Genre: Social Science
ISBN: 9811507805

This book, the first comprehensive overview of housing policy in Australia in 25 years, investigates the many dimensions of housing affordability and government actions that affect affordability outcomes. It analyses the causes and implications of declining home ownership, rising rates of rental stress and the neglect of social housing, as well as the housing situation of Indigenous Australians. The book covers a period where housing policy primarily operated under a neo-liberal paradigm dominated by financial de-regulation and fiscal austerity. It critiques the broad and fragmented range of government measures that have influenced housing outcomes over this period. These include regulation, planning and tax policies as well as explicit housing programs. The book also identifies current and future housing challenges for Australian governments, recognizing these as a complex set of inter-connected problems. Drawing on its coverage of the economics, politics and administration of housing provision, the book sets out priorities for the transformational national strategy needed for a fairer and more productive housing system, and to improve affordability outcomes for the most vulnerable Australians.

Greening Affordable Housing

Greening Affordable Housing
Author: Abdullateef Olanrewaju
Publisher: CRC Press
Total Pages: 303
Release: 2019-02-05
Genre: Political Science
ISBN: 1351595415

Books on green building theories, principles and strategies applicable to life cycles of all kinds of buildings and building types are already widely available. However, those specifically on greening affordable housing that guide various housing stakeholders at different life cycles are still very limited. This book intends to fill this gap. Integrating green building enables stakeholders to address the environmental component that has not traditionally been seen as an integral part of affordable housing development. The book presents theories and principles with practical methods, strategies and processes not only to make affordable housing green but also to support economic stability and social equity.

The Australian Dream

The Australian Dream
Author: Alan Morris
Publisher: CSIRO PUBLISHING
Total Pages: 219
Release: 2016-10-01
Genre: Science
ISBN: 1486301479

Australia is experiencing a significant demographic shift – the proportion of the population that is aged 65 years and older is increasing substantially and will continue to do so. With this shift comes particular housing challenges for older people. The Australian Dream examines the impacts of housing tenure on older Australians who are solely or primarily dependent on the age pension for their income. Drawing on 125 in-depth interviews, it compares the life circumstances of older social housing tenants, private renters and homeowners – their capacity to pay for their accommodation, how this cost impacts on their ability to lead a decent life, maintain social ties and pursue leisure activities, and how their housing situation affects their health and wellbeing. The book considers some key questions: Are older homeowners who are solely dependent on the single age pension managing financially? Are they able to maintain their homes and engage in social activity? How are older private renters who have to pay market rents faring in comparison with older homeowners and social housing tenants? What are the implications of subsidised rents and legally guaranteed security of tenure for older social housing tenants? Based on a study conducted in Sydney and regional New South Wales, this pioneering research starkly and powerfully reveals the fundamental role that affordable, adequate and secure housing plays in creating a foundation for a decent life for older Australians.

Planning Gain

Planning Gain
Author: Tony Crook
Publisher: John Wiley & Sons
Total Pages: 329
Release: 2016-01-26
Genre: Business & Economics
ISBN: 1118219813

Winner of the Royal Town Planning Institute award for research excellence This critical examination of the development and implementation of planning gain is timely given recent changes to the economic and policy environment. The book looks both at the British context as well as experience in other developed economies and takes stock of how the policy has evolved. It examines the rationale for planning gain, how it has delivered substantial funds for infrastructure and affordable housing and, in the light of this, how it might continue to play a role in the funding of these. It also draws on overseas experience, for example on impact fees and public sector land assembly. It looks at lessons from the past for future policy, both for Britain and for countries overseas. Mechanisms to tap development value are also a global phenomenon in developed market economies - whether through formal taxation or negotiated contributions. As fiscal austerity becomes an increasingly challenging issue, ‘planning gain’ has grown in importance as a potential source of funding for infrastructure and new affordable housing, with many countries keen to examine, learn from, and adapt the experience of others. a critical commentary of planning gain as a policy timely post credit crunch analysis addresses recent planning policy changes

Australian urban land use planning

Australian urban land use planning
Author: Nicole Gurran
Publisher: Sydney University Press
Total Pages: 320
Release: 2011
Genre: Architecture
ISBN: 1920899774

Urban and regional planning is increasingly central to public policy in Australia and internationally. As cities and regions adapt to profound economic, societal and technological shifts, new urban and environmental problems are emerging - from inadequate systems of transport and infrastructure, to declining housing affordability, biodiversity loss and human-induced climate change. Australian urban land use planning provides a practical understanding of the principles, processes and mechanisms for strategic and proactive urban governance. Substantially updated and expanded, this second edition explains and compares the legislation, policy- and plan-making, development assessment and dispute resolution processes of Australia's eight state and territorial planning jurisdictions as well as the changing role of the Commonwealth in environmental and urban policy. This new edition also extends the coverage of planning practice, with a new chapter on planning for climate change, a more detailed treatment of planning for housing diversity and affordability, and a comprehensive analysis of the New South Wales planning system and its evolution over the last 30 years. Nicole Gurran is an associate professor in the Urban and Regional Planning Program at the University of Sydney. Her research focuses on comparative planning approaches to housing, ecological sustainability and climate change. Prior to joining the University of Sydney, she practised as a planner in several state government roles, focusing on local environmental plan-making, environmental management and housing policy. She is on the Executive Board of the International Urban Planning and Environment Association.

Housing in 21st-Century Australia

Housing in 21st-Century Australia
Author: Rae Dufty-Jones
Publisher: Routledge
Total Pages: 255
Release: 2016-03-09
Genre: Political Science
ISBN: 1317121007

Over the last two decades new and significant demographic, economic, social and environmental changes and challenges have shaped the production and consumption of housing in Australia and the policy settings that attempt to guide these processes. These changes and challenges, as outlined in this book, are many and varied. While these issues are new they raise timeless questions around affordability, access, density, quantity, type and location of housing needed in Australian towns and cities. The studies presented in this text also provide a unique insight into a range of housing production, consumption and policy issues that, while based in Australia, have implications that go beyond this national context. For instance how do suburban-based societies adjust to the realities of aging populations, anthropogenic climate change and the significant implications such change has for housing? How has policy been translated and assembled in specific national contexts? Similarly, what are the significantly different policy settings the production and consumption of housing in a post-Global Financial Crisis period require? Framed in this way this book accounts for and responds to some of the key housing issues of the 21st century.

Affordable Housing Governance and Finance

Affordable Housing Governance and Finance
Author: Gerard Van Bortel
Publisher: Routledge
Total Pages: 505
Release: 2018-09-03
Genre: Business & Economics
ISBN: 1351621777

There is a large shortage of affordable housing across Europe. In high‐demand urban areas housing shortages lead to unaffordable prices for many target groups. This book explores innovations to support a sufficient supply of affordable and sustainable rental housing. Affordable housing is increasingly developed, financed and managed by a mix of market, state, third sector and community actors. Recent decades in large parts of the Western world have consecutively shown state-dominated, non-profit housing sectors, an increased role for market forces and the private sector, and the rise of initiatives by citizens and local communities. The variety of hybrid governance and finance arrangements is predicted to increase further, leading to new affordable housing delivery and management models. This book explores these innovations, with a focus on developments across Europe, and comparative chapters from the USA and Australia. The book presents new thinking in collaborative housing, co-production and accompanying finance mechanisms in order to support the quantity and the quality of affordable rental housing. Combining academic robustness with practical relevance, chapters are written by renowned housing researchers in collaboration with practitioners from the housing sector. The book not only presents, compares and contrasts affordable housing solutions, but also explores the transferability of innovations to other countries. The book is essential reading for researchers and professionals in housing, social policy, urban planning and finance.

A Fair Go

A Fair Go
Author: Rosemary Leonard
Publisher: Common Ground
Total Pages: 199
Release: 2004
Genre: Australia
ISBN: 1863355618

Sustainable Development Research in the Asia-Pacific Region

Sustainable Development Research in the Asia-Pacific Region
Author: Walter Leal Filho
Publisher: Springer
Total Pages: 540
Release: 2018-02-27
Genre: Science
ISBN: 3319732935

This multidisciplinary book focuses on best practices in sustainability research in the Asia-Pacific Region. Drawing links between research, practice, education for sustainability and the needs of industry, it addresses the sustainable development goals (SDGs). The book also presents research undertaken by a wide range of universities on matters related to sustainable development, in order to promote research in this area across multiple disciplines. Four key themes are explored: (1) Education for Sustainability. (2) Sustainable Cities. (3) Sustainable Buildings. (4) Sustainable Infrastructure. This unique book documents and disseminates the wealth of know-how on sustainable development research in the Asia-Pacific Region today. It presents lessons learned and comparative case studies from various countries, including India, China, Indonesia, the Philippines, Bangladesh, New Zealand and Australia.