Ads
related to: rental properties in melbourne australia
Search results
Results From The WOW.Com Content Network
In Melbourne, access to public housing is generally better, but housing and rent are less affordable. Public housing in Victoria is usually provided by departments of the Victorian state government and operates within the framework of the Commonwealth-State Housing Agreement, by which funding for public housing is provided by both federal and ...
The Australian residential property market is the section of the Australian property market that provides rental properties by landlords to tenants. In Australia 31% of households rent their residences. [1] The vast majority rent from private landlords, and a small minority rent from public housing authorities.
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 commission also had difficulties dealing with local municipalities, in acquiring properties in the North Melbourne reclamation area as well as with the labour movement, who believed that the government should subsidise loans to enable workers to buy homes rather than rent them. [21] The rehousing of those from the slums was a difficult task.
In Melbourne, for instance, one early observer noted that "a poor house stands side by side with a good house." [2] There are significant regional differences in rates of homeownership around Australia, reflecting average age differences (e.g., older age people tend to own houses more than younger people), as well as socio-economic differences. [7]
According to FIRB (Foreign Investment Review Board) data released in August 2009, foreign investment in Australian real estate had increased by more than 30% year to date. One agent said that "overseas investors buy them to land bank, not to rent them out. The houses just sit vacant because they are after capital growth." [23]
Ad
related to: rental properties in melbourne australia