The Assam government's 'Aponar Apon Ghar' scheme provides subsidies up to Rs 2.5 lakh on housing loans for permanent residents with family income not exceeding Rs 20 lakh, aiming to make home ownership accessible.
New evidence reveals Queensland police failures prior to toddler Mason Lee's death 10 years ago. Donald Trump calls for restraint after Israel targets Beirut, with a US-Iran ceasefire deal shaky. Farmers battle a severe mouse plague across Australia's grain belt, and the Socceroos start their World Cup campaign with a win.
Generation X, typically disengaged, is now in their 50s and driving Australia's populist surge, particularly towards One Nation. Economic grievances, including low wage growth, high cost of living, and declining home ownership, are fueling their discontent and political engagement.
Generation X, typically disengaged, is now voicing economic grievances, driving One Nation's popularity to nearly match Labor's. Facing stagnant wages, high costs, and low home ownership, this 'sandwich generation' feels left behind by a system they perceive as favoring the rich.
If the reforms help younger Australians believe home ownership is within reach, Labor can expect to collect a political dividend.
If the reforms help younger Australians believe home ownership is within reach, Labor can expect to collect a political dividend.
Treasurer Jim Chalmers will hand down the federal budget tonight. It's expected to tackle housing inequity, but will it bring back the Great Australian Dream?
The rising number of private renters in Britain have for too long put up with chronically insecure tenancy agreements and poor conditionsThe defining trend in British housing in recent decades has been towards private renting. The sector in England nearly doubled in size between 2004 and 2013. By 2023 almost two-fifths of households were either renting privately or socially. Meanwhile, the dream of home ownership has steadily eroded: 39% of 25- to 34-year-olds owned their home in 2023, 20 percentage points lower than the peak (59%) in 2000. Many younger adults now rent from a private landlord as the default, and expect to do so for the rest of their lives.Which is why the introduction of the Renters’ Rights Act is important. Until last week, landlords could evict a tenant for requesting a reasonable repair, or challenging a rent hike. A poll in 2023 for the charity Shelter found that tenants who complained to their landlord or local authority were 159% more likely to be served a no-fault eviction notice than those who did not. The fear was that complaints could cost tenants their homes. It was customary for landlords to pre-emptively evict tenants if they wanted to raise rents. Continue reading...
More than a quarter of 20- to 34-year-olds still live with their parents. No wonder they are escaping into virtual properties that they can decorate and furnish as they likeName: Cosy gaming.Age: Has its origins in social simulation games such as Harvest Moon (1996) and The Sims (2000). Continue reading...
Two Hong Kong policy think tanks released a survey finding that younger residents aged 18-40 have a weaker desire for home ownership (5.06/10) compared to those over 40 (5.8/10). Among those not eager to buy, 46.4% cited unaffordable flat prices and 21.3% cited mortgage burden. The study calls for allowing young families to use mandatory pension savings for home purchases, offering housing loans to first-time buyers, and halving down payment requirements for middle-income buyers of government-subsidised flats.
Not-for-profit Project Independence uses residents' disability support pension to share in a property, giving them legal ownership of their home and allowing them to build equity over time.
Not-for-profit Project Independence uses residents' disability support pension to share in a property, giving them legal ownership of their home and allowing them to build equity over time.
