affordable housing

Busting the myth of the housing shortage

by Chris Lang on July 25, 2011
Busting the myth of the housing shortage

Here’s a shocking revelation: housing shortage may only exist in our imagination. In reality there are over 46,000 empty homes, purchased by property speculators, excluded from the rental vacancy rate calculations. If we were to include these homes, the real vacancy rates would be much higher. According to the latest report released by Earthsharing Australia, […]

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The house you prefer … or the house you can afford?

by Chris Lang on June 23, 2011
The house you prefer ... or the house you can afford?

A recent video report on ABC News says there’s a shift in the housing preferences of Australians. The Australian Dream is no longer a detached house set on a large block of land – instead, nowadays most people prefer an apartment or a townhouse just outside the city center. Well … I don’t buy it. […]

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Melbourne: love it, can’t afford it

by Chris Lang on December 8, 2010
Melbourne: love it, can't afford it

Did I mention how much I love Melbourne? Honestly, I think Melbourne is amazing, and I’ve traveled the world and seen plenty of other places. For a city with the population of around 4 million, it has this unique cozy feeling about it. It doesn’t feel like a huge megalopolis, full of concrete, busy and […]

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Median prices explain what’s going on in the property market

by Chris Lang on March 5, 2009
Median prices explain what's going on in the property market

EIV has released the median prices for December 2008 and they don’t look bad considering the current economic conditions. Contrary to the expectations of a serious drop in the median prices, they only fell by 0.9% in the December quarter of 2008. This came as a surprise to people who don’t follow the property market closely and I felt a little bit of explanation is in order.

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How to buy a house – Part 2

by Chris Lang on September 26, 2008
How to buy a house - Part 2

In the part one of “How to buy a house” series I covered the first three stages of the process: sniffing around, how to determine your budget and where would you like to live. So coming to the stage four you would have a list of candidate suburbs, one of which should ideally become your home.

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How to buy a house – Part 1

by Chris Lang on September 24, 2008
How to buy a house - Part 1

House buying is a long process that seems to be vague, confusing and unpredictable in the beginning. The truth is that every home buyer goes through similar stages on his way from the raw idea “I should buy a house” to the actual house he purchases. The length in time can vary, but the stages are pretty much the same for everybody.

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What kind of house can I afford?

by Chris Lang on August 25, 2007
What kind of house can I afford?

After the latest interest rates raise everybody are talking even more about affordability crisis. The builders say that people who don’t already own a house (which they can sell) simply can not buy a house. “First home buyers just aren’t buying”, they say.

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Median house price – what is it?

by Chris Lang on July 14, 2007
Median house price – what is it?

All they talk about on the news is how housing becomes less and less affordable. The median price is climbing up like crazy everywhere. But what is a median price, why look at it and how it’s different from average price? Well, that’s really easy – here’s an example

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