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05.12.25 - 19:36
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′Enclaves for the rich′: new luxury housing is putting parts of Sydney out of reach to all but the very few (The Guardian)
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A wave of redevelopment in Bondi, the inner city and lower north shore is pricing people out – even while governments profess to be focused on affordabilityGet our breaking news email, free app or daily news podcastBondi used to be home to surfers, backpackers and artists. But the bohemian vibe of Sydney's most famous beach risks being swamped by a wave of high-end developments.Older apartment blocks that provided affordable housing are being bought by companies and wealthy individuals, who are turning them into smaller blocks with fewer luxury dwellings, or sometimes single homes. Continue reading......
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04.11.25 - 08:06
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RBA holds official interest rate at 3.6% while warning of rising house prices and rents (The Guardian)
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Reserve Bank's decision to leave cash rate on hold was widely expected and major banks predict no interest rates cut until 2026Follow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe Reserve Bank has left the official interest rate on hold, as it warned house prices and rents will rise in 2026 after a surprise rebound in inflation.The RBA's monetary policy board on Tuesday unanimously voted to keep the cash rate at 3.6%, where it has sat since August. Continue reading......
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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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