21 Jun Is housing affordable in your region?

Monitor levels of housing stress and housing affordability for your community 

Access data and insights into your local property market with REMPLAN Housing

The Challenge

Housing affordability is a growing concern across Australia. Aspiring homeowners and renters alike are facing challenges in finding affordable and diverse housing options to meet their needs. Soaring prices, limited supply, and comparatively stagnant wage growth, all contribute to making the dream of owning a home or finding affordable rental accommodation increasingly elusive for many people.

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There are several factors that contribute to the housing affordability challenge in Australia. Population growth drives increased demand for housing, while insufficient construction of affordable housing has put pressure on housing supply.

Relatively low wage growth, rising interest rates and the widening gap between income levels and housing prices, have made it increasingly difficult for individuals to save deposits and meet their mortgage obligations.

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Addressing the Challenge

Recognising the urgent need to address housing affordability, local, state, and federal governments have implemented various policies and initiatives to support affordability and the supply of dwellings across Australia. Examples include grants and stamp duty concessions for first home buyers, Help to Buy shared equity schemes, downsizer superannuation contribution incentives and the construction of social and affordable homes.

To gain a deeper understanding of the housing landscape in your region, REMPLAN Housing Profiles offer valuable insights into local housing markets. With regular updates, the profiles monitor levels of rental and mortgage affordability and stress over time. Each LGA Housing Profile provides data for small areas such as neighbourhoods, suburbs, and localities.

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REMPLAN Housing Profiles include key insights such as:

• Trends in median house price and rents
• Mortgage and rental stress by income type
• Housing affordability by income type
• Current and forecast population
• Forecast dwelling demand
• Demographics including occupation, education, labour force status and indigenous status
• Homelessness, workforce engagement and need for assistance
• And much more..

REMPLAN Housing Profiles are an invaluable tool that aim to assist clients with up-to-date property and demographic data that underpins evidence-based decision making and strategic planning. The user-friendly profiles capture a snapshot of the housing landscape of a region and present key
insights in a simple format.

The REMPLAN Housing Profiles are a subscription-based product which can be provided for a region of any size.  Housing Profiles can be added to existing REMPLAN subscriptions, or new clients can access the profile as a standalone resource.

Interested in a REMPLAN Housing Profile for your region?

Contact REMPLAN now on 1300 737 443 or contact us online

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