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Renting

Yesterday

Growth in international student visa applications has begun to slow for the first time in over a year.

Overseas student boom shows signs of slowing

There are very early indications that the seemingly unstoppable growth in international students might be tapering off.

  • Julie Hare

This Month

Where to find the cheapest properties to rent near the CBDs

These are the suburbs where tenants can still rent a house for under $500 a week and units for less than $400.

  • Nila Sweeney
Mirvac CEO Campbell Hanan.

Mirvac in $1b play to house downsizing Boomers

Mirvac will spend $300 million to acquire a near-half stake in the Serenitas portfolio of 27 land lease communities – affordable accommodation for downsizing baby boomers.

  • Michael Bleby
afr

Suburbs with the highest granny flat potential

More than 655,000 granny flats could be built across the country straight away to help alleviate the housing shortage.

  • Nila Sweeney
Mixed tenure: Artist’s render of Local’s under-construction 477-unit build-to-rent project at 350 Macaulay Road in inner north-western Melbourne’s Kensington., which will include 22 affordable homes, 11 social homes and eight two-person specialist disability accommodation units.

Local boosts social, affordable housing, backed by Macquarie

While governments are trying to boost the country’s stock of social and affordable homes, some developers are already doing it – and taking a first-mover advantage.

  • Michael Bleby
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Airbnb head of public policy Michael Crosby says the levy’s impact would be greatest on lower-price rental properties and markets.

Airbnb says Victoria’s 7.5pc levy could push visitors away

The short-stay platform is seeking to influence other states and territories, which are considering measures to ease the rental crisis.

  • Michael Bleby
More borrowers are facing mortgage stress.

Big squeeze no bar to another RBA rate rise

The Reserve Bank could still lift rates even after finding rapidly rising mortgage repayments had starved some borrowers of the ability to pay expenses such as health insurance and school fees.

  • Updated
  • Jonathan Shapiro and Michael Read
Vacancy rates plunged back to record lows in most capital cities.

Rents soar to new highs as vacancy rate slumps to record

The residential rental vacancy rate plunged back to a new low of just 0.8 per cent nationwide over the September quarter, new data from Domain shows.

  • Nila Sweeney
Brian Chesky, co-founder and chief executive officer of Airbnb

Airbnb boss plots long-term rentals despite housing crisis

The booking platform is to launch the ‘biggest update’ next month as it plans to expand beyond travel.

  • Oliver Barnes
The three-bedroom semidetached house at 9 Monteath Avenue in Melbourne’s Hawthorn East sold before auction for $1.35 million. 

House passes in at $1.22m, then sells for $130,000 more

Increasing confidence about rates plateauing, as well as a new tenancy, boosted the competition for a property with some drawbacks.

  • Michael Bleby

September

Shelter WA chief executive Kath Snell says the state government should consider rental caps to stabilise prices.

Six-figure households sleeping in cars: WA’s housing problem

Families with household incomes upwards of $160,000 a year are sleeping in cars in some parts of WA.

  • Tom Rabe

The toughest suburbs for Sydney renters revealed

These previously affordable housing markets are now becoming out of reach for many renters after rents surged in the past year according to Suburbtrends.

  • Nila Sweeney
Sign of the future: Render of the under-construction 400-unit AXA IM Alts Westmead Health and Innovation Precinct project, which will be managed by SGCH.

Affordable housing mandates can work for developers, SGCH says

Without enforcement of affordable housing mandates, voluntary schemes such as density bonuses are unlikely to get much traction, advocates say.

  • Michael Bleby
Daniel Andrews releases his landmark housing policy.

Andrews’ high-risk housing plan is on-brand but unproven

Daniel Andrews’ long-awaited housing policy is big on glossy pictures and grand vision, but each initiative is just a sentence or two.

  • Patrick Durkin
Property owner and single mum Leanne Taylor is not happy with Victoria’s new Airbnb tax.

‘I’m not rich, I’m a single mum’: Airbnb tax hits property owners

Leanne Taylor is a 47-year-old solo mother of two teenagers who is battling to get ahead – something made harder by Daniel Andrews’ 7.5 per cent short-term rental tax, the first in the country.

  • Patrick Durkin
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Renters are offering gifts of wine and chocolate to get a home

Across Europe’s biggest cities, renters are coming up against a severe supply shortage that’s pushing prices to record highs.

  • Alice Kantor, Sarah Jacob and Morwenna Coniam
Freeing up Sunday afternoons: Residents in Resimax’s build-to-rent standalone houses in its Eynesbury community in Melbourne’s western suburbs benefit from amenities such as lawn-mowing.

At Australia’s first BTR houses, lawn mowing is included

Developer Resimax is building a portfolio of 500 rental homes in Melbourne’s suburban fringe. It’s a new offering and brings perks – such as getting the grass cut.

  • Michael Bleby

Buying a house cheaper than renting in only 3pc of suburbs

And only 6.5 per cent of all unit markets nationwide are more affordable for buyers than renters since interest rates started to rise.

  • Nila Sweeney

Global funds giant PGIM revs up co-living housing plans

Global property funds powerhouse PGIM Real Estate has joined forces with the founders of trendy modular hotel chain Tribe to roll out a portfolio of co-living facilities, at the affordable end of the growing build-to-rent sector.

  • Nick Lenaghan
Craig Brown (left) and Tony Moriarty are co-founders of Deckard Technologies, which uses artificial intelligence to help councils track down Airbnb owners.

This start-up could ease the rental crisis by tracking Airbnbs

Deckard’s platform has helped its client councils force 95 per cent of short-term rentals in their jurisdictions to comply with laws.

  • Campbell Kwan