Tag: Housing

  • Housing affordability, lifestyle key reasons people are increasingly opting for remote Australia

    Housing affordability, lifestyle key reasons people are increasingly opting for remote Australia

    Lifestyle

    The idea of moving from a bustling city to some of the most remote areas in Australia is not for everyone.

    But with a rising of cost-of-living, more people are opting for a tree change in search of a country lifestyle and cheaper housing.

    Caitlin Buckle, lecturer in City Planning at the University of NSW, says over the past few years people’s attitudes towards migrating regionally have changed.

    “There is a sense that COVID may have caused a bit of a reconsideration about life priorities and influenced people to want to try something a little bit different,” Dr Buckle says.

    Living a ‘farm-life’ dream

    Lifestyle Deb sitting on the left of couch, Ian on the right with their two dogs in the middle.

    Deb and Ian Green, along with their two dogs Carlos and Misty, called Silverton home three months ago. (ABC Broken Hill: Grace Atta)

    Deb and Ian Green came across Silverton during a caravan trip across NSW.

    The married couple of 24 years quickly fell in love with the red-dirt country township that has a population of less than 50 people.

    “It was as soon as we drove in, there was just something [about it] … the old style just drew us in,” Ms Green says.

    Lifestyle A couple in hats standing in the foreground, with red-dirt behind them and a bakery to the right.

    The rising cost of living, housing and lifestyle factors are increasingly popular reasons to move regionally. (ABC Broken Hill: Grace Atta)

    The couple say they had been itching for a while to move from Yerrinbool in NSW’s Southern Highlands to somewhere that offered a bit more of a “farm-like” lifestyle.

    “Five to 10 years ago, we wanted to get, as a lot of people do, a 100-acre farm, with a little farmhouse … but it just wasn’t quite the right place or the right time,” Ms Green says.

    “But we always wanted that space and the animals.”

    Lifestyle A grey donkey looks into the camera

    Donkeys are one of the iconic animals you will see when living in Silverton. (ABC Broken Hill: Grace Atta)

    Then during a chance visit to Silverton, they spotted a house with a “For Sale” sign.

    “We made an offer and then came back [to Silverton] again. And the owner let us stay here for a couple of nights to sort of test-drive the house,” Ms Green says.

    “And so, we stayed in, met a couple of the locals, and it just went from there.”

    The couple say their new home is a dream come true.

    “I can look out my window today and see the cows walking past, which [are] owned by the community, or the horses or the donkeys up the road,” Ms Green says.

    “It’s a really lovely, unique lifestyle.”

    A unique solution to the housing crisis

    The Greens’ move to remote NSW has also benefited their adult daughter, who like many millennials and gen Zs, has been trying to navigate the housing crisis while raising a daughter of her own.

    Due to the relative affordability of their new home in Silverton, the couple did not need to sell their Southern Highlands house, meaning their daughter could move in.

    “Because things are so expensive, it’s so hard to help your kids if you don’t have spare money,” Ms Green says.

    Lifestyle A cream house, with red trimming and green garden beds at the front of it.

    Ian and Deb Green say their home in Silverton is much more affordable than those in metropolitan areas. (ABC Broken Hill: Grace Atta)

    “But one thing we could do was … keep the family home and [our daughter] could use it and look after it and then she’d have safety for her and our granddaughter.”

    And these kinds of housing decisions are ones more Australians are considering.

    The new trends in regional migration

    New research from the Australian Housing and Urban Research Institute (AHURI) shows that housing affordability is increasingly becoming a key reason why people are moving to regional areas.

    “Housing is such a big cost in people’s lives, that both renting and deciding to purchase in regional areas can be quite desirable,” Dr Buckle says.

    Lifestyle Caitlin Buckle sitting in her office, with her computer to her left. The computer screen depicts an open excel sheet.

    Dr Caitlin Buckle has researched the factors that motivate people to move to regional Australia. (ABC: Abbey Haberecht)

    “And we might even see it continue to be quite a big factor in people’s decision-making as house prices stay so high.”

    In addition to housing, the AHURI research also cited employment and lifestyle factors as other key motivators for moving regionally.

    Dr Buckle says these lifestyle reasons include seeking a “better work-life balance”, “sense of adventure”and “sense of community”.

    It’s all about community

    Conrad Brown and Shona Collins moved from the Gold Coast over three years ago to the remote town of Wilcannia in the Far West of New South Wales.

    Lifestyle Shona and Conrad are standing in their kitchen, with their uniform shirt on. The shirt features Aboriginal art.

    Shona Collins and Conrad Brown own the local cafe in Wilcannia. (ABC Broken Hill: Grace Atta)

    They too left behind their family home for their daughter to reside in, noting that the cost of living is making it hard for many young people to afford their own home.

    “I just think it’s the interest rates, the wages aren’t increasing,” says Ms Collins, a trained chef by trade.

    The couple of 15 years now own the local cafe in Wilcannia, a town with a population of less than 800 people.

    They say that despite the stigma that has clouded the town historically, when they came across Wilcannia they really connected with the locals.

    “The people are just beautiful in this town,” Mr Brown says.

    “Like everyone says, ‘Oh, don’t go to Wilcannia, drive straight through.’ Well, Wilcannia is clean, it’s tidy, the locals are brilliant,” Ms Collins adds.

    “And so [changing that idea] is what we’re working on.”

    Lifestyle Shona buttering slices of bread, with salad ingredients laid out in containers.

    Shona Collins is the co-owner and chef at the Wilcannia Cafe. (ABC Broken Hill: Grace Atta)

    The couple have become pillars in the community, who take pride in giving locals employment in a region with limited opportunities, collectively calling their young cafe employees “their girls”.

    “These girls came along and really didn’t know anything about a cafe. But we’ve gone through everything, and now they can do just about anything in the place,” Mr Brown says.

    “So now they can literally get in the car, drive to Sydney and work in any cafe and they’re gonna get a job there because they are so qualified.”

    Lifestyle A young woman looking at a till while working in a cafe.

    Brooke Tanswell is one of five locals hired to work at Shona and Conrad’s cafe. (ABC Broken Hill: Grace Atta)

    Although Ms Collins hopes they’ll stay in town.

    “We’ve told the girls we eventually want them to run the place,” she says.

    And the Greens say they know the feeling of wanting to keep a community together.

    “We want everybody to be welcome and come round and have a cuppa,” Ms Green says.

    “We hope that we can do good while we’re here too and be a blessing to the community.”

  • TRREB: GTA Housing Market Becoming More Affordable

    TRREB: GTA Housing Market Becoming More Affordable

    Top Stories Tamfitronics

    Author of the article:

    Top Stories Tamfitronics GlobeNewswire

    Published Sep 05, 20242 minute read

    Top Stories Tamfitronics August 2024
    August 2024 GNW

    TORONTO, Sept. 05, 2024 (GLOBE NEWSWIRE) — Greater Toronto Area (GTA) home sales were down on a year-over-year basis in August 2024. New listings were up slightly over the same period. While the region’s housing market remained well-supplied in August, average home prices only edged slightly lower compared to August 2023.

    “The Bank of Canada’s rate cut announced on September 4 will lead to a further improvement in affordability, especially for those using variable rate mortgages. First-time buyers are especially sensitive to changes in borrowing costs. As mortgage rates continue to trend lower this year and next, we should experience an uptick in first-time buying activity, including in the condo market,” said Toronto Regional Real Estate Board (TRREB) President Jennifer Pearce.

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    Article content

    GTA REALTORS® reported 4,975 home sales through TRREB’s MLS® System in August 2024 – down by 5.3 per cent compared to 5,251 sales reported in August 2023. New listings entered into the MLS® System amounted to 12,547 – up by 1.5 per cent year-over-year. On a seasonally adjusted basis, August sales edged up on a monthly basis compared to July, whereas new listings were down slightly compared to the previous month.

    The MLS® Home Price Index Composite benchmark was down by 4.6 per cent year-over-year in August 2024. The average selling price was down by a lesser 0.8 per cent compared to August 2023 to $1,074,425. The different annual rates of change between the MLS® HPI Composite and the average selling price were largely due to an increase in the share of detached home sales compared to last year, impacting the average price. On a seasonally adjusted basis, the average selling price edged lower compared to July.

    “As borrowing costs trend lower over the next year-and-a-half, home buyers will initially benefit from both lower monthly mortgage payments and lower home prices. Even as demand picks up, especially in 2025, it will take time for the inventory of listings to be absorbed. Ample choice in the market will help keep price growth moderate, at least in the initial phases of recovery,” said TRREB Chief Market Analyst Jason Mercer.

    Article content

    “Today’s elevated listing inventory will ultimately recede. We need to maintain a sustained focus on boosting home construction, especially as it relates to producing the right mix of home types to meet consumers’ needs. This new housing also has to be affordable. Municipalities can help by reducing development charges, which are ultimately passed on to home buyers. If people can’t find affordable housing in the GTA or surrounding Greater Golden Horseshoe, they will move elsewhere, and not necessarily to other parts of Ontario or Canada. Housing is a key driver of our region’s economic development,” said TRREB CEO John DiMichele.

    Top Stories Tamfitronics August 2024
    Top Stories Tamfitronics August 2024
    Top Stories Tamfitronics August 2024
    Top Stories Tamfitronics Year-to-Date 2024
    Top Stories Tamfitronics Year-to-Date 2024
    Top Stories Tamfitronics August 2024

    READ THE FULL REPORT.

    Media Inquiries:

    Maria Karafilidis, Manager, Public Affairs maria.karafilidis@trreb.ca 416-443-8139

    The Toronto Regional Real Estate Board is Canada’s largest real estate board with over 72,000 residential and commercial professionals connecting people, property and communities.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/72ed7ed1-f37f-4a55-a671-630e61b0778f

    https://www.globenewswire.com/NewsRoom/AttachmentNg/1a7aa8f6-fa87-4d73-a306-f56387efd183

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  • Housing slump hits groundworks contractor’s bottom line

    Housing slump hits groundworks contractor’s bottom line

    Top Stories Tamfitronics

    Top Stories Tamfitronics MJ-Evans.png

    Profit at groundworks firm M&J Evans slipped last year amid a slowdown in housebuilding, according to its latest accounts.

    The Walsall-based firm, ranked 49th in the CN100 2023 table of top contractors, posted a pre-tax profit of £2.2m for the 2023 calendar year from turnover of £334.3m.

    Both figures represented a steep decrease from revenue of £405.8m and pre-tax profit of £23.4m the year before.

    Chief executive Chris Southgate described a “challenging year” marked by “a considerable reduction” in demand for residential groundworks and increased borrowing costs as interest rates rose.

    He added that the resulting “operational inefficiencies”, combined with unrecovered “significant” inflation-related costs from clients, caused the firm’s margin to shrink from 5.8 to just 0.7 per cent.

    M&J Evans remained free of bank loan debt and had cash at hand of £18.2m at the end of 2023, down slightly from the previous year’s £21.2m. No dividends were paid out.

    Headcount increased from a monthly average of 318 staff to 423, meaning that the firm’s annual wage bill grew from £22.3m to £26.2m.

    Despite the problems his firm faced last year, Southgate remained optimistic for the future, citing plans for growth and a new Eastern Counties region that was set up in 2023.

    The business “remains committed to its plan for growth and efficiency”, he said, adding that the Eastern Counties region will cover an approximate 50-mile radius from a new office in Huntingdon.

    “Looking forward, the group remains positive following recent inflation and mortgage rates reductions and together with the continued severe housing shortage seen across the UK, it anticipates improvements in house sales and build rates during 2024 with a more sustained recovery in 2025,” Southgate added.

  • Over 1000 Kids Move Out of Motel Housing | Mirage News

    Over 1000 Kids Move Out of Motel Housing | Mirage News

    Top Stories Tamfitronics

    Tē tōia, tē haumatia – Nothing can be achieved without a plan and way of doing things.

    The Government’s plan to end the large-scale use of emergency housing is working, with new figures showing a 32 per cent reduction in the number of households living in motels, Associate Housing Minister Tama Potaka says.

    “Emergency housing is one of the biggest public policy failures we’ve ever seen in New Zealand, growing from a few families using it for brief periods into a situation where thousands of tamariki were growing up in motels,” Mr Potaka says.

    “National promised change and in Government we are delivering it, with more than 1000 tamariki moved out of motels and into homes under our watch.

    “From last December to June this year, the total number of households living in emergency housing has gone from 3141 to 2133 – a 32 per cent reduction in just six months. We have seen over 1000 tamariki depart emergency housing during this period.

    “Auckland has experienced one of the biggest improvements with numbers falling from 624 to 354 households in the three months to June. In Canterbury, it’s fallen from 285 to 183 households over the same period.

    “Our Government has set an ambitious target to reduce the number of households in emergency housing by 75 per cent by 2030.

    “Emergency housing must be the last resort that is used rarely and only for brief periods, which is why we are attacking the problem on multiple fronts and making real progress.

    “In April, we introduced the Priority One category which puts whānau with dependent tamariki who spend longer than 12 weeks in emergency housing to the top of the social housing waitlist.

    “As of July, 540 whānau have been supported out of emergency housing under this priority.

    “Our actions have included an increased supply of social housing, continuation and expansion of support products, and changes to ensure that those accessing emergency housing are in genuine need.

    “The next step, starting at the end of this month, is to bring in clearer obligations for emergency housing assistance.

    “For example, to ensure emergency housing is used by people in genuine need, people may be asked to provide evidence of their housing situation when they apply.

    “People staying in emergency housing have responsibilities they must agree to and meet. If they stay longer than seven nights, they’ll need to complete agreed activities to help meet those responsibilities.

    “This includes paying their emergency housing contribution, and activities which will help them get a home. This could include things like meeting with a housing broker, attending a Ready to Rent course, engaging with support services or looking for a private rental.

    “At each re-grant appointment, their case manager will check they’ve completed the activities they agreed to and talk with them about any support which may be available. This is an important part of helping to set people up for housing success.

    “If people don’t meet their obligations without a good reason, they’ll receive a warning. After two warnings, if they don’t meet their obligations again, they won’t be able to get an Emergency Housing Grant for 13 weeks.

    “Ending the blight that is emergency housing will not be easy. It requires us to take bold and radical action, and that’s exactly what our Government is doing.”

    /Public Release. This material from the originating organization/author(s) might be of the point-in-time nature, and edited for clarity, style and length. Mirage.News does not take institutional positions or sides, and all views, positions, and conclusions expressed herein are solely those of the author(s).View in full here.

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