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2 months ago | 
theconversation.com | Christopher Phelps |Rachel Ong ViforJ |Jack Hewton
Hint: cutting out avocado toast won’t help much. Research shows your chances of owning a home hinge on your income relative to house prices, and whether you can access the ‘bank of mum and dad’.
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Sep 17, 2024 | 
phys.org | Rachel Ong ViforJ |Christopher Phelps
For many Australians, the family home is their largest financial asset. With an increasing variety of ways to tap into home equity, the temptation to access this wealth is ever growing. Homeowners increase the debt owed on their home when they borrow against their equity.
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Apr 25, 2024 | 
econotimes.com | Rachel Ong ViforJ
Just when we think the price of rentals could not get any worse, this week’s Rental Affordability Snapshot by Anglicare has revealed low-income Australians are facing a housing crisis like never before.
In fact, if you rely on the Youth Allowance, there is not a single rental property across Australia you can afford this week.
How did rental affordability get this bad?
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Apr 24, 2024 | 
tolerance.ca | Rachel Ong ViforJ
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Apr 24, 2024 | 
theconversation.com | Rachel Ong ViforJ
Just when we think the price of rentals could not get any worse, this week’s Rental Affordability Snapshot by Anglicare has revealed low-income Australians are facing a housing crisis like never before. In fact, if you rely on the Youth Allowance, there is not a single rental property across Australia you can afford this week. How did rental affordability get this bad?
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Dec 3, 2023 | 
theconversation.com | Christopher Phelps |Rachel Ong ViforJ |William Clark
As Australia’s population gets older, more people are confronted with a choice: retire where they are or seek new horizons elsewhere. Choosing to grow old in your existing home or neighbourhood is known as “ageing in place”. It enables older people to stay connected to their community and maintain familiarity with their surroundings. For many, the decision to “age in place” will be tied to their connection to the family home. But for many, secure and affordable housing is increasingly beyond reach.
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Jun 4, 2023 | 
innereastreview.com.au | Rachel Ong ViforJ |Christopher Phelps |Melek Cigdem-Bayram
With soaring house and rental prices, what are the structural problems within the global housing market? For generations, the great Australian dream of owning your own home was a given. But now Australians under 30 are the generation which has had the home ownership door slammed in their face. House prices have risen so quickly (more than 60 percent from 2015-2022) they have vastly outpaced wages growth. Even if young people can scrape together a deposit - many can't - repayments are prohibitive.
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Jun 4, 2023 | 
examiner.com.au | Rachel Ong ViforJ |Christopher Phelps |Melek Cigdem-Bayram
Expanding wealth gaps are not limited to age differences alone. As depicted in the table below, the gap favouring income-rich Australians over the income-poor doubled to 191 percent in 20 years. Similarly, the gap between urban and regional areas doubled from 46 percent to 93 percent, favouring city dwellers. Nevertheless, the disparity in housing wealth based on age remains notably larger than those based on income and geography.
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Jun 4, 2023 | 
canberratimes.com.au | Rachel Ong ViforJ |Christopher Phelps |Melek Cigdem-Bayram
Expanding wealth gaps are not limited to age differences alone. As depicted in the table below, the gap favouring income-rich Australians over the income-poor doubled to 191 percent in 20 years. Similarly, the gap between urban and regional areas doubled from 46 percent to 93 percent, favouring city dwellers. Nevertheless, the disparity in housing wealth based on age remains notably larger than those based on income and geography.
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Jun 4, 2023 | 
gleninnesexaminer.com.au | Rachel Ong ViforJ |Christopher Phelps |Melek Cigdem-Bayram
With soaring house and rental prices, what are the structural problems within the global housing market? For generations, the great Australian dream of owning your own home was a given. But now Australians under 30 are the generation which has had the home ownership door slammed in their face. House prices have risen so quickly (more than 60 percent from 2015-2022) they have vastly outpaced wages growth. Even if young people can scrape together a deposit - many can't - repayments are prohibitive.
