01 Nov NEW: REMPLAN Housing Profiles

How affordable is housing in your region?

Many Australians are locked out of the housing market, or are facing 30-year, million-dollar-plus mortgages.  There are many factors contributing to increasing house prices and reduced housing affordability in communities across the nation.  These include:

• Low interest rates for more than a decade
• Supply issues – we haven’t been building enough houses relative to demand
• Taxation incentives such as negative gearing and capital gains tax discounts
• Not enough retirees downsizing and selling the family home
• COVID related lifestyle changes and increased expenditure on housing.

There are many other factors also influencing housing prices, as well as overlapping interactions between those listed above.      

Federal, state, and local governments have introduced various initiatives to address housing affordability issues.  Examples include grants for first home buyers, and the option for retirees to sell their family home and then make large, tax-effective, one-off contributions to their superannuation.

The efficacy of such initiatives is varied across Australia.  There are regions where these policies have very much assisted first home buyers.  There are however other regions where the effect has been to pour fuel on the fire by increasing the amount prospective buyers can spend, thereby driving up property prices, and transferring further wealth to existing homeowners.

How affordable is housing in your region?

• How is your local property market performing?

• Are affordable properties available for residents on low incomes?

• How many households in your region are experiencing housing stress?  

REMPLAN’s new online, public-access Housing Profile supports you and your community to address these questions, and importantly, monitor how housing affordability is changing over time.

REMPLAN Housing Profiles are available for local government areas and regions across Australia.  The profiles also provide data and insights for smaller areas including Neighbourhoods and Localities.

The profiles provide insights into your area for a general audience, with easy-to-understand explanations and commentary, as well as a range of charting, sharing and download options.

Your REMPLAN Housing Profile includes key insights such as:

• Mortgage and rental stress by income level
• Housing affordability by family type and income
• Demographic statistics such as current and forecast population
• Homelessness, workforce engagement, and need for assistance
• Trends in median house price and rents
• Forecast dwelling demand
• And much more…

The REMPLAN Housing Profile is a subscription product which can be provided for a region of any size. The Housing Profile can be added to your existing subscription to REMPLAN products, or new clients can access the profile as a standalone resource.

Questions?  Seeking insights into the current and future state of housing in your region?

Please do not hesitate to contact the REMPLAN Team via our website or call us now on 1300 737 443.

Kind Regards,

The REMPLAN team
www.remplan.com.au