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30.09.25 - 11:30
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Australia′s Soaring Home Prices Force Record Numbers Of Retirees To Rent (ZeroHedge)
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Australia's Soaring Home Prices Force Record Numbers Of Retirees To Rent
While US home prices remain elevated and despite some price drops in recent months, affordability remains near all time lows, the housing picture is far worse in various other countries.
One such place is Australia where more retirees are renting than ever, as soaring housing costs and longer working lives expose the limits of the nation's much-hailed pension system.
The portion of retirees living in private rentals has doubled over the past two decades to 12%, according to a a recent government-funded survey. Over the same period, those who (can afford to) own their home outright slipped from 75% to 66%.
“Retirees who rent are far more exposed to housing stress,” said Kyle Peyton, co-author of the Household, Income and Labour Dynamics in Australia survey, which tracks the same 16,000 people annually. “This group of renting retirees is only likely to grow.”
As Bloomberg notes, the findings highlight how housi...
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27.08.25 - 01:06
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Australian ′Experts′ Propose Tax On Spare Bedrooms To Ease Housing Shortage (ZeroHedge)
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Australian 'Experts' Propose Tax On Spare Bedrooms To Ease Housing Shortage
In a brainstorm that has leftist central planners around the world salivating, an Australian market analytics firm has proposed that the country start imposing a tax on spare bedrooms. The aim: To ease the country's housing shortage by incentivizing those who have more housing than they "need" to sell and downsize.
Cotality Australia notes that 61% of the country's households comprise just one or two people, yet the housing stock is dominated by three- and four-bedroom homes. Cotality says that, to "fix" this discrepancy, "governments could make it more expensive to have more housing than you need, and cheaper to live in smaller housing."
Cotality Australia's Eliza Owen thinks government should hit Aussies with extra tax for having more bedrooms than they really "need"
“It's perfectly acceptable and desirable for people to have spare bedrooms, [but] you could ask them...
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Immobilienmarkt Australien 9007 +0.77% (ASX Kurs)
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