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
China developers’ bonds, shares hit again by Evergrande contagion worries
Andrew Galbraith The Sydney Morning Herald (Paywall)At 4.06pm: Shares and bonds of Chinese property companies fell further on Wednesday after China Evergrande Group missed a third round of interest payments on its dollar bonds in three weeks, and as others warned of defaults. In the clearest sign yet of global investors’ worries of spreading debt contagion ...
https://www.smh.com.au/business/markets/asx-futures-higher-boq-r…
# International, Housing market, Landlords and agents.How do you raise mortgage rates without actually raising them?
Greg Jericho The Guardian (No paywall)The hope is new borrowing rules will take some steam out of the housing market without giving the rest of the economy a whack.
https://www.theguardian.com/business/grogonomics/2021/oct/12/how…
# Australia, Housing market.After renting for years, Tama Waipara still keeps expecting the landlord to come round
Sharon Stephenson (No paywall)From New Zealand ... Tama Waipara (Rongowhakaata/Ngāti Porou) is the artistic director and chief executive of Te Tairāwhiti Arts Festival. He’s also a singer/songwriter who is about to release his fourth album. Tama lives in Gisborne. This is the first house I’ve ever owned, which is great after renting so many weird and wonderful places over the years. (Stuff)
https://www.stuff.co.nz/life-style/homed/300416650/after-renting…
# Video International, Home ownership, Personal stories.Father of six buys new home only to be driven into caravan by mould
Declan Gooch and Emma Pedler ABC (No paywall)When Joe Treagus bought a new house on South Australia's Eyre Peninsula a year ago he did not expect to end up living with his wife and six kids in a caravan. Mould has infiltrated the front wall of the house and the ensuite and, with its smell permeating every room, Mr Treagus felt he could not put his family – including a week-old baby – at risk.
https://www.abc.net.au/news/2021-10-12/sa-family-driven-out-of-n…
# Australia, Home ownership, Mould.Brisbane's only inner-city caravan park is closing up shop after 65 years
The Sydney Morning Herald (Paywall)Newmarket Gardens Caravan Park in Brisbane's inner city is closing its doors after more than 60 years.
https://www.smh.com.au/national/brisbanes-only-inner-city-carava…
# Video Australia, Land lease communities.Tories’ manifesto pledge to build 300,000 houses a year now ‘almost impossible’
Michael Savage The Guardian (No paywall)Boris Johnson’s election pledge to build 300,000 new houses a year is in serious jeopardy in the face of labour and material shortages that are causing major disruption across the economy, industry figures have warned.
https://www.theguardian.com/society/2021/oct/10/tories-manifesto…
# International, Home ownership, Housing market.Evergrande’s rags-to-riches founder in race to save his empire
The Sydney Morning Herald (Paywall)Four years after vying with Jack Ma for the title of Asia’s richest man, Evergrande chairman Hui Ka Yan’s fortune is plunging and his sprawling real estate empire is on the verge of collapse. It’s a stunning reversal for a man who fought his way from poverty in rural China to build one of the world’s largest property companies.
https://www.smh.com.au/business/companies/evergrande-s-rags-to-r…
# International, Housing market, Landlords and agents.ACT law change possible after Canberra developer 3 Property Group rescinds more contracts for off-the-plan properties
Antoinette Radford, Elizabeth Byrne and Michael Inman ABC (No paywall)Sheridan Burnett purchased an off-the-plan apartment from 3 Property Group's Allegro development. The developer has now pulled out of the deal, leaving Ms Burnett and others like her angry at being left high and dry.
# Australia, Strata, Housing market.