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Australia's housing market trembles as homeowners confront rising interest rates and mortgage defaults surge. Predicted by some a decade ago, this shift stems from years of speculative investing and homes transforming into commodities. The challenge now: can policymakers balance housing affordability without destabilising the market's value?
Amid Australia's unprecedented housing crisis, there's an urgent need for increases in social housing. However, political wrangling hampers the progress of crucial legislation. With 640,000+ Australians facing housing stress, advocates stress the need for immediate action as a starting point towards comprehensive reform that treats housing as a basic human right.
A rapidly growing cohort of homeless women over 55 has become the new casualties of Australia's housing market. With skyrocketing rents, an entrenched gender pay gap and inadequate pension funds, older women are slipping through the cracks owing to a tangle of systemic failures.
As Brisbane prepares to host the 2032 Olympics and Paralympics, housing affordability remains a pressing issue. With more residents now facing homelessness, the question arises: with vast amounts of taxpayer money being spent on Olympics infrastructure, how will Brisbane address the homelessness crisis?
Despite rising interest rates and the recent dip in property values, Australia’s housing situation places it among the least affordable property market in the world. With a rise in homelessness and younger Australians locked out of an inflated housing market, what is the way forward for Australia?
I was invited to a party the night of the 2019 election. The night’s entertainment was invite-only, with long tables of bread and wine, and I stepped back from the sounds of celebration to hear the political coverage on my phone. Standing at the far window, I looked up to see people in the night below, out in the dark, silent. Behind me a party guest shouted over the noise ‘what happened?’ I looked away from those outside and answered: a loss.
At the beginning of the Covid-19 pandemic, the government reassured Australia ‘We’re all in this together’ but the truth is that the end of JobKeeper and the Coronavirus supplement payments will leave more than 2.6 million people in poverty.
Housing Minister Luke Howarth came under fire for saying he wanted to put a 'positive spin' on homelessness, but worse than his comments is the misinformation. While his claim that 'half a per cent of the population don't have a permanent roof over their head' is correct, that still means one in 200 Australians is experiencing homelessness.
Women's groups were initially cut out of this year's budget lockup with just two representatives admitted after fighting tooth-and-nail for the privilege. With such hostility to our cause it is hardly surprising to find the budget holds little hope for women in resolving the structural inequalities baked into our lives.
I must admit, the royal family and all news related to them goes straight to the 'irrelevant' folder in my brain. A friend's Facebook post last week sums up my feelings about it. It was about people saying to her 'The royals are doing a wonderful job' and her rather perfect response: 'At what?!'
I was in Sydney recently, and within less than an hour of my arrival of the airport, I was thrust into a conversation about how completely unaffordable the city was becoming. 'Bonkers' was the general consensus. But how did it get this bad and what can be done to repair the current state of affairs?
Why do we get out of bed in the morning? Out of habit certainly, but at some level we have to believe that in the day ahead we may make some small incremental progress toward our goals, whatever they may be. A small improvement in the garden. The flourish of a job well done. We must have hope that we will find some joy in the day, some satisfaction that brings a sense of well-being.
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