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Around one third of Australia's 9.8 million households pay rent for their residences. The other two thirds are owner-occupiers, half of whom have a mortgage. [1] [2] [Note 1] Of the households that rent, ~83% rent from private landlords, while less than 10% rent from public housing authorities. [2]
City West Housing Pty Ltd (CWH) is a nonprofit affordable rental housing company.. It was established in 1994 by the New South Wales State Government. City West Housing Pty Ltd was set up to provide low-cost accommodation to people with very low to moderate incomes, including essential workers who would not otherwise be able to afford to rent in this inner Sydney area.
According to the 2006 census, Australia's public housing stock consisted of some 304,000 dwellings out of a total housing stock of more than 7.1 million dwellings, or 4.2% of all housing stock [3] (compared with 20% in Denmark, 46% "low rent housing" in France and 50% public housing in the UK at peak). [citation needed]
The median house price in Sydney peaked at $780,000 in 2016. [4] However, with stricter credit policy and reduced interest from foreign investors in residential property, prices have started falling in all the major cities. [5] When compared with the soaring prices of 2017, the housing prices fell by 11.1% in Sydney and 7.2% in Melbourne in ...
Housing NSW, formerly the Housing Commission of New South Wales and before that the New South Wales Housing Board, was an agency of the Department of Communities and Justice that was responsible for the provision and management of public housing services with the aim to prevent homelessness in the state of New South Wales, Australia.
The Bennelong Apartments. From left to right – 1 Macquarie Street, 3-7 Macquarie Street, 61 Macquarie Street. The Bennelong Apartments is a residential apartment building and multi-use complex on the east side of Sydney's Circular Quay. The buildings were designed by Andrew Andersons and PTW Architects, and completed in 1998.
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