Housing News Digest
Housing News Digest
The Tenants' Union Housing News Digest compiles our pick of items from all the latest tenancy and housing media, sent once per week, on Thursdays.
Below is the Digest archive from November 2020 onwards. From time to time you will find additional items in the archive that did not make it into the weekly Digest email. Earlier archives are here, where you can also find additional digests by other organisations.
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Archive
Astonishing detail in 'cheap' $280-per-week studio rental sparks major housing warning: 'Power imbalance'
Kamilia Palu Yahoo News (No paywall)A private studio listing with waterfront views, a parking space and a weekly rent that's half the price of other units in the area sounds like the ultimate bargain. So what's the catch? The property that was up for lease for $280 a week in the southwest Sydney suburb of Peakhurst was advertised as being close to public transport, shopping centres and amenities. The median price of a one bedroom unit in the area is $570 per week.
https://au.news.yahoo.com/astonishing-detail-in-cheap-280-per-we…
# TUNSW in the media NSW, Rent.This is how housing prices fall
Alan Morris The Fifth Estate (No paywall)In the decade up to June 2017, Sydney experienced a phenomenal increase in residential property prices. There existed what was described as “a frenzied property market” and over this period house prices nationally increased by around 75 per cent in real terms. However, the seemingly never-ending surge came to an abrupt end – the median house price in Sydney in March 2019 was $1,027,962, a drop of $170,000 or 14 per cent from its peak in mid-2017 and in the eight capital cities, prices dropped by about 11.5 per cent.
https://thefifthestate.com.au/housing-2/this-is-how-house-prices…
# NSW, .NSW regional towns where house prices soared 20 per cent in a year
Carmen Forward Domain (No paywall)A string of regional NSW towns – mostly somewhat affordable areas sought by tree-changers and investors – recorded house price growth of more than 10 per cent over the past year. Topping the list with a rise of 30 per cent in the 12 months to December is Broken Hill, a 1100-kilometre drive from Sydney, Domain’s latest House Price Report shows. The top four LGAs – including Gunnedah, the Yass Valley and Tamworth – all have median house prices under $1 million, are inland and rose by more than 20 per cent over the past year.
https://www.domain.com.au/news/nsw-regional-towns-where-house-pr…
# NSW, .I inspected the CHEAPEST house in Sydney, Australia
Brooko Moves Brooko Moves (No paywall)For the low price of $1.5 million you can pick up a house with mould, cracks in the wall, a tarp keeping the rain out, and masking tape holding the floor together! BARGAIN!!
# Video, Satire NSW, .$280 a week rental sparks warning
James MacSmith realestate.com.au (No paywall)It’s one of the infallible rules of life in general – if something sounds too good to be true it is. And, as most Aussies have discovered, especially during this cost of living and housing crisis, this statement also rings true when it comes to buying or renting a home. And so it came to pass for those clicking frantically, with naive optimism, on a unit advertised for half the average rent expected. The studio apartment listed via Ray White in Peakhurst, in the St George area of southern Sydney, 21km from the CBD hit the market for just $280 per week.
https://www.realestate.com.au/news/cheap-280-a-week-rental-spark…
# NSW, Rent.Rebuilt Lismore student housing offers relief from record-high rent costs
Catherine Piltz Courier Mail (No paywall)As regional housing costs hit record highs, Lismore students have been thrown a lifeline with the anticipated reopening of a flood resilient accommodation complex. The 27-unit Sirius College at Southern Cross University on Military Rd is expected to be ready next month, rebuilt to withstand future floods after being gutted in the 2022 disaster. New data released on January 20 by the REA Group shows the median weekly rent in regional NSW has jumped to $600 – a 5.3 per cent hike over the last 12 months. The squeeze is even tighter for those wanting an apartment, with regional unit rents climbing six per cent to a median of $530 per week.
https://www.couriermail.com.au/news/nsw/rebuilt-lismore-student-…
# NSW, .Rental assistance failing as older Aussie crisis data exposed
Tom Bowden realestate.com.au (No paywall)The nation’s broken rental assistance support program is failing our older Australians, with many set to be plunged into homelessness if action isn’t taken as the number of Australians aged over 75 accelerates at nearly twice the rate of population growth. They’re the findings of a new study by the Retirement Living Council, which has renewed its call for urgent reform to the Commonwealth Rent Assistance program. Fresh data from the Australian Institute of Health and Welfare (AIHW) shows the number of Australians over 75 who receive CRA but remain in rental stress has risen nationally by 116 per cent since 2013.
https://www.realestate.com.au/news/rental-assistance-failing-as-…
# NSW, Rent.One in nine new homes in England built in areas of flood risk, study shows
Helena Horton The Guardian (No paywall)One in nine new homes in England built between 2022 and 2024 were constructed in areas that could now be at risk of flooding, according to new data. The figures show the number of homes being built in risky areas is on the rise – a previous analysis showed that between 2013 and 2022, one in 13 new homes were in potential flooding zones. The research comes with the government under huge pressure to deliver new affordable housing, amid signs that the climate breakdown is accelerating.
https://www.theguardian.com/environment/2026/feb/18/one-in-nine-…
# International, .