National Rental Affordability Scheme for the home

Today, I write more about this scheme. Its a special deal for Essential Service delivery workers like, Ambulance drivers, Police , Nurses, Teachers, Firemen where they can rent for 25% under market rates. For the investors there is a top up of the rental loss with a tax paid subsidy, of  Nine grand indexed to inflation. These deals can be so attractive they are strongly rental positive cash flow deals.  In Queensland, the Queensland Affordable Housing Consortium is the one to talk to. In Victoria, its the Community Housing Limited. Initially, the scheme appealed to large developers and builders, now in the third stage its been broadened to the smaller end of the property market. While the scheme has been slow to make approvals, I hear its now taking off, with  lots of numbers of homes in the application process. The plan is to build up to fifty thousand homes over three years.

Given close to eighty families apply for the each home, at a time perhaps it has some appeal?

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Latest home property market design ideas

Reading in “The Australian ” of the rising clearances in both values and volumes terms in every major Australian capital. What is really happening in the property market?  Well, Premier Bligh of Queensland, says “Enough is enough, wants to close the southern borders”.
Well make a cat laugh!  Wonder how well that will go?
Perhaps we dont know what is actually happening?
Lets consider some leading economists like BIS Shrapnel ‘s Robinson. His reports are bullish based on a new round of mining projects, based on rebounding commodity prices like Iron ore up 100%, Coal up 120% and a rosier outlook for the growth in the world economy, refer IMF.
Tanya Plibersek, Minister for Housing says ” The problem of a supply shortage in housing has been years in the making”. She would like to blame the previous government. Apparently, population and housing are hot button political areas, as PM Rudd has announced a new portfolio of population study {Mr Tony Burke}.
My view is State government have been under estimating the population growth and under providing capital works, like roads, hospitals, railway stations. Thus buyers are “crowding ‘ into the established suburbs.!
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Why Population patterns ideas, for home renovating.

The papers, today 29/03/2010 are noting the population pressures on the home  market. Given population growth of 435,000 about double that of only two years ago: there is pressure on the rental and home markets. Quite simply there aren t enough being built, current home commencements are around 140,000. When at least 180,000 are needed. Clearly, the prices of second hand homes are rocketing. The Queensland Premier is bleating on about being poorly informed. Anna Bligh seems to think Federal government should be releasing more information. WA and Qld are the fastest growing states and have been for many years. Auction clearance rates are up both in volume and percent terms. Many properties making over the expected valuation in Melbourne.
Where is the immigration pressure coming from? Latest figures reveal they are from India, China, Indonesia, Malaysia, and New Zealand. I claim only six major countries have a big immigration policy: USA, Canada, Germany, UK, Australia and New Zealand. Currently, Canada is cold, NZ  is a slower growing, small economy, UK has restrictions on Indians and Pakistanis, USA is a slow economy, Germany has their own prejudices. Given, Australia  is one of the faster growing developed countries Australia has particular appeal, noting the above comments.
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