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Housing in Australia

The Australian Bureau of Statistics (ABS) recently released data from 2017-18 Survey of Income and Housing (SIH). The SIH is a household survey which collects information on sources of income, amounts received, household net worth, housing, household characteristics and personal characteristics of persons aged 15 years and over in private dwellings throughout Australia (excluding very remote areas). This Flagpost provides a summary of housing occupancy and costs of housing  in Australia. Australian households Fewer people owned their own homes with or without a mortgage in 2017-18 compared to those in 1997-98; in contrast, households who rent have increased: 30% own their own home... Read more...

State and territory housing debts

Recent media reports  indicated that Senator Jacquie Lambie intended to support the Government’s (now passed) tax cuts if the Government provided further assistance to help tackle homelessness in Tasmania. In making her case, Senator Lambie referred to Tasmania’s outstanding housing debt to the Australian Government. Senator Lambie argued that the repayments and interest on this debt are detracting from the state’s ability to build further social housing and reduce housing waiting lists. Senator Lambie’s call for Australian Government assistance follows reports last month that Tasmanian’s Housing Minister, Roger Jaensch intended to approach the Government... Read more...

Top gearing: negative gearing of residential property by electorate

Commentary abounds on the extent of negative gearing in Australia. This post explains what negative gearing means, and how many taxpayers in each electorate are using it in relation to their residential property investment. Read more...

Commonwealth officer as Observer at NHFIC Board meetings

Established on 30 June 2018, the National Housing Finance and Investment Corporation (NHFIC) is a statutory authority that: makes loans, investments and grants for enabling infrastructure that supports new housing, particularly affordable housing; and provides cheaper and longer-term financing to registered community housing providers through Australia's first national Affordable Housing Bond Aggregator (AHBA). The National Housing Finance and Investment Corporation Act 2018 (NHFIC Act) includes a provision for a Commonwealth officer to be appointed as an Observer to attend NHFIC Board meetings. This Flagpost discusses the statutory Observer position in the context of the review of corp... Read more...

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Flagpost is a blog on current issues of interest to members of the Australian Parliament

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