Tag: housing
A two-bedroom Bondi Junction unit for $1,100 a week. Is ‘affordable housing’ in Australia really affordable?
Government programs designed to offer rent below market rate for low-to-moderate income households are failing those who most need it, advocates say Get our breaking news email, free app or daily news podcast A two-bedroom apartment in Bondi Junction that is part of an “affordable” housing scheme run by the NSW government has been listed…
Reeves boosts NHS and housing as some budgets squeezed
Rachel Reeves has announced an extra £29bn per year for the NHS in England, along with funding boosts for defence and housing, as she set out the government’s spending plans until the end of the decade. The chancellor also promised more money for artificial intelligence and transport projects, saying “renewing Britain” was at the heart…
Canada and Mexico tariffs risk inflating US housing crisis, Trump is warned
Exclusive: Dozens of congressional Democrats urge president to reconsider threatened import duties on US’s two largest trading partners Pressing ahead with steep tariffs on Canada and Mexico risks exacerbating the US housing crisis and threatening the broader economy, dozens of congressional Democrats have warned Donald Trump. The US president, after threatening to hit imports from…
Colossal scale of building challenge revealed by BBC’s new housing tracker
Some local councils in England would need to see at least a five-fold increase in new housing to meet government targets, analysis by BBC Verify suggests. The BBC’s figures lay out the immense challenge Labour has set itself in government with its “milestone” of building 1.5 million new homes in England over five years. In…
Australia’s housing market ‘buckling’ under widening gap between income and home values, report finds
Australia’s housing downturn is being driven by a widening gap between income, borrowing capacity and home values, but the dip is likely to be “shallow and short-lived”, a new report has found. Sign up for Guardian Australia’s breaking news email “After almost two years, the housing market appears to finally be buckling to these pressures,”…