There IS a housing affordability crisis in Australia. 

In this episode, we’re taking a look at and debriefing the Falinski report: a Federal Government Inquiry into housing affordability and supply in Australia, conducted in the second half of 2021. 

What’s causing the drop in housing affordability? What does the Falinski report recommend to ease the crisis? Are there gaps in the report? We cover these and more in the show!

If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at questions@theelephantintheroom.com.au!

See you in the episode!



Episode Highlights:
Our views on housing affordability [02:01]
Declining homeownership rates in Australia [04:26] 
The correlation between interest rates and housing affordability [08:16]
On taxes, levies, and construction costs [10:41]
The government’s role in delivering and funding housing services [14:32] 
Falinski Report recommendations on housing affordability [18:04]
Halting top-down impositions & loosening planning restrictions [18:09] 
Holding accountability in certain areas [24:18]
Addressing homelessness, critical housing, and rent-to-buy schemes [28:29]
Using super to assist first home buyers in securing deposit [32:08]
Will keeping negative gearing help housing affordability? [35:16]
Replacing stamp duty with land tax to increase supply [38:51]
Acknowledging transitional costs [41:34]
Ensuring developer contributions are used on infrastructure [42:03] 
Evaluating the build-to-rent sector, APRA & non-bank lenders [43:55]
Monetary policies, information flow, and government support for housing [46:06]
What the Falinski report does not cover [47:48]
Is the lack of luxury housing causing a domino effect? [51:05]



Links from the Show:
Inquiry into housing affordability and supply in Australia



Connect with Us:
Looking for a Sydney Buyers Agent? www.gooddeeds.com.au
Work with Veronica: https://linktr.ee/veronicamorgan
Looking for a Mortgage Broker? www.wealthful.com.au
Work with Chris: hello@wealthful.com.au 
Send in your questions to: questions@theelephantintheroom.com.au

 

Find this episode on our website:
https://www.theelephantintheroom.com.au/podcasts/224

 

If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!

There IS a housing affordability crisis in Australia.&nbsp;
In this episode, we&rsquo;re taking a look at and debriefing the Falinski report: a Federal Government Inquiry into housing affordability and supply in Australia, conducted in the second half of 2021.&nbsp;
What&rsquo;s causing the drop in housing affordability? What does the Falinski report recommend to ease the crisis? Are there gaps in the report? We cover these and more in the show!
If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at <a href="mailto:questions@theelephantintheroom.com.au">questions@theelephantintheroom.com.au</a>!
See you in the episode! 
Episode Highlights:
<ol>
<li aria-level="1">Our views on housing affordability [02:01]</li>
<li aria-level="1">Declining homeownership rates in Australia [04:26]&nbsp;</li>
<li aria-level="1">The correlation between interest rates and housing affordability [08:16]</li>
<li aria-level="1">On taxes, levies, and construction costs [10:41]</li>
<li aria-level="1">The government&rsquo;s role in delivering and funding housing services [14:32]&nbsp;</li>
<li aria-level="1">Falinski Report recommendations on housing affordability [18:04]</li>
<ol>
<li aria-level="2">Halting top-down impositions &amp; loosening planning restrictions [18:09]&nbsp;</li>
<li aria-level="2">Holding accountability in certain areas [24:18]</li>
<li aria-level="2">Addressing homelessness, critical housing, and rent-to-buy schemes [28:29]</li>
<li aria-level="2">Using super to assist first home buyers in securing deposit [32:08]</li>
<li aria-level="2">Will keeping negative gearing help housing affordability? [35:16]</li>
<li aria-level="2">Replacing stamp duty with land tax to increase supply [38:51]</li>
<li aria-level="2">Acknowledging transitional costs [41:34]</li>
<li aria-level="2">Ensuring developer contributions are used on infrastructure [42:03]&nbsp;</li>
<li aria-level="2">Evaluating the build-to-rent sector, APRA &amp; non-bank lenders [43:55]</li>
<li aria-level="2">Monetary policies, information flow, and government support for housing [46:06]</li>
</ol>
<li aria-level="1">What the Falinski report does not cover [47:48]</li>
<li aria-level="1">Is the lack of luxury housing causing a domino effect? [51:05] </li>
</ol>
Links from the Show:
<ul>
<li aria-level="1"><a href="https://www.aph.gov.au/Parliamentary_Business/Committees/House/Tax_and_Revenue/Housingaffordability">Inquiry into housing affordability and supply in Australia</a> </li>
</ul>
Connect with Us:
<ul>
<li aria-level="1">Looking for a Sydney Buyers Agent? <a href="http://www.gooddeeds.com.au/">www.gooddeeds.com.au</a></li>
<li aria-level="1">Work with Veronica: <a href="https://linktr.ee/veronicamorgan">https://linktr.ee/veronicamorgan</a></li>
<li aria-level="1">Looking for a Mortgage Broker? <a href="https://www.wealthful.com.au/">www.wealthful.com.au</a></li>
<li aria-level="1">Work with Chris: <a href="mailto:hello@wealthful.com.au">hello@wealthful.com.au</a>&nbsp;</li>
<li aria-level="1">Send in your questions to: <a href="mailto:questions@theelephantintheroom.com.au">questions@theelephantintheroom.com.au</a> &nbsp;</li>
</ul>
Find this episode on our website: <a href="https://www.theelephantintheroom.com.au/podcasts/224">https://www.theelephantintheroom.com.au/podcasts/224</a>
&nbsp;
If you&rsquo;ve enjoyed this episode, don&rsquo;t forget to like, share, rate and subscribe for more!

Who's really in control when you buy a property?

The Elephant In The Room is where the things that no one wants to talk about, actually get talked about.  

Veronica Morgan, real estate agent, buyers agent and co-host of Foxtel’s Location Location Location Australia & Chris Bates, financial planner, mortgage broker and wealth coach have joined forces to find out what’s really going on in the world of real estate.

Veronica and Chris talk to property owners and buyers every day in their respective lines of business. They’ve observed a wide spectrum of confidence in people’s decision making ability when buying and selling property, often to the detriment of the individuals concerned. They are both fascinated by consumer behaviour and together they’re going to uncover who’s really making the decisions when you buy a property.

In each episode they get into the psyche of buyers, agents, auctioneers and other industry experts to learn the truth about how buyers are influenced and why they do the things they do. In every episode you’ll learn from the mistakes of a “property dumbo” as well as Chris & Veronica’s “elephant rider bootcamp” training session.

The plan? This property podcast has been created to help us all make better property decisions!

We talk about the things no one wants to talk about in the Property Market

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