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Affordable Housing Policy and Planning. Professor Peter Phibbs Urban Research Centre. Outline. How are we performing NRAS Current trends Opportunities. Rent and Sales report. Annual percentage change in rents 2 bedroom all dwellings: September quarter 2011 Sydney SD: 7.1 %
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Affordable Housing Policy and Planning Professor Peter Phibbs Urban Research Centre
Outline • How are we performing • NRAS • Current trends • Opportunities
Rent and Sales report • Annual percentage change in rents • 2 bedroom all dwellings: • September quarter 2011 • Sydney SD: 7.1 % • Outer ring: 6.1% • Blue Mountains 12% • Campbelltown 9.3%
NRAS • Recently announced the results of round 4 • 17,000 NRAS entitlements • Mixture of for profit and not for profit with western sydney housing associations such as Hume, Affordable Community Housing and BlueChp being successful • Some concern about the future of the scheme in an era of a tight Federal Budget
Trends • Some consensus about the important role of not for profits • Greater engagement of the banks • Some consensus about concerns for affordable housing
Tax • Some renewed interest during the tax summit about some tax reforms around housing • Some discussion about negative gearing although politically difficult • Some more discussion about removing stamp dutyb
Opportunities • Affordable Housing Taskforce • Review of the planning act • Defend NRAS • Community Land Trusts