Cih Level 3 Assignment 4

Limiting and changing the demographics that live in Pyrmont making it hard for middle classed families and middle classed workers to purchases houses within Pyrmont.

Housing Affordability in Australia has become the focus point for urban planners in recent years. In particular, South East Queensland (SEQ) has experienced significant pressure as the demand for property and affordable dwellings increases and population growth in the region continues. The issue has come to the forefront in discussions for local governments in the region and there is a real need to address the problem of housing affordability. The subject of affordability is complex and is contributed to by a number of factors including the impost created by Council processes, which is the scope of the HAF-T5 Project.

As gentrification of housing stress continues, Local Government Areas (LGA) will lose lower income groups and assimilate into a predominance of higher income groups, effectively homogenizing the population and decreasing diversity. This trend will drive the housing market price up, decrease housing affordability and deter outsiders into joining the community. The existing housing units will experience financial hardships, housing stress, and a gradual deprivation of a means to cope with increasing basic living costs. In order to combat this ongoing issue, speculative approaches by the City have been in consideration.¬¬¬¬

This contrasts significantly to the type of housing in the Isle of Purbeck where 73.7% is owner occupied. Further, in the last decade house prices have risen above the national average due to competition from second homeowners, retirees and in migrants. For example, property at Sandbanks is the 4th most expensive in the world. The situation is made worse by the fact that employment opportunities in the area are limited. Only 7.7% is council housing – in recent times only 2 small Housing Association developments in Corfe Castle have been planned to deal with this. Therefore, this has a key effect on social welfare. It results in a richer population, with high demand for private healthcare and ‘farm/organic’ shops. In contrast, Byker is likely to have very few high-end shops as a result of income being low – resulting in a reliance on state services, and the creation of what Edwina Curry saw as “food deserts”; meaning very little healthy food options due to the dominance of cheap, fast food outlets. In turn, this is likely to increase obesity and lower life expectancy – reducing social welfare further. In contrast, ‘organic/farm’ shops in the Isle of Purbeck are likely to have the opposite effect – raising life expectancy.

This essay will explain what Ideological and Economic factors as regards social policy making are and identify some of the factors used during the labour government of 1997-2010.Some examples /case study as to why certain factors were considered and used will be examined, this will aid better understanding of their effects on the policies that were made. The Market failure which actually gave way to the intervention of the government in the housing sector and the tools /policies that were used for the correction will be discussed.

Housing affordability is the relationship between household income and burden of housing costs and is an issue when it prevents population groups from accessing appropriate or secure housing. (3, 4) Australia has seen a severe escalation in rent and house prices that have not been matched by growth of household income. This decline in housing affordability is a result of economic growth, tax incentives for owners and investors, more accessible finance and population growths, which consequently result in an increased demand for housing. (3, 5) Moreover, this is further compounded by land and development limitations that restrict increases in housing

The Moreland City Council also identified the lack of a funding commitment by State and Commonwealth governments (Moreland City Council) to be a key influence in the creation of this policy as they believed that there was a serious shortage of funding to allow for the provision of affordable housing within the city of Moreland. Though the Moreland City Council has been able to identify avenues to allow for the provision of affordable housing in the area, they do not have as much power and funding available to them to be able to successfully meet these requirements without intervention from State and Commonwealth governments who have greater flexibility in this regard.

Much of the decline in occupancy has been attributed to the massive influx of new units brought to the market. Over the previous year, more than 22,000 units were added to the Seniors Housing stock. Of those 22,000 units, only 15,000 have been absorbed to date. The second quarter of 2017 alone brought online approximately 6,000 units – the largest quarterly increase in new units since NIC began collecting data. While stabilized communities (facilities older than two years or if less have already reached 95%+ occupancy levels) continue to show strong occupancy levels (90.4% nationally), the influx of inventory will eventually work its way into affecting occupancy at older stock as newer Seniors Housing residents will have a choice between providers.

There may be an alternative and sustainable approach to housing in the area, which takes a wider strategic perspective (not just that Millers Point and The Rocks: An alternative way forward ii of an individual government agency) and could have a broader application in informing an overall approach to NSW social housing stock management and disposal. This approach could incorporate the following elements.

buildings are sold, buyers often evict the existing tenants to move in themselves, combine several units, or bring in new tenants at a higher rate. When residents own their homes, they are less vulnerable, and may opt to “cash them in” and move elsewhere. Their options may be limited if there is a regional housing shortage, however, and cash does not always compensate for less tangible losses.

The PRS is one of the three main tenures in the UK housing market, next to Social Housing and Owner Occupation. The private sector declined in size over much of the 20th century from being the majority tenure prior to the First World War to the minority one about 8 decades later (David Rhodes 2006). The decline can be attributed to a number of factors over that period, an important one being rent controls, which served to reduce the returns from letting residential property thus making is an unattractive form of investment (David Rhodes 2006).

Multiple reasons exist for the the lack of affordable housing. On the demand side these include population growth and increased migration to urban areas, easily accessible housing finance, tax incentives and a “strong cultural preference for owner-occupied detached houses”. On the supply side, affordability problems are exacerbated by inflexible and slow responses to the need for new housing stock, lack of infrastructure and generally inefficient planning processes and development assessment by local governments.

There are main factors that affect the real estate in London, which will greatly influence supply and demand. One of the factors that may affect supply is the lack of free land in desirable areas; this affects both residential and commercial properties alike. However, suppliers still tend to provide a large number of properties each year. During the period of June 2013 and June 2014 there was around 18,900 new buildings completed as provided by the UK government (Government stats, 2014). A factor that may affect demand is the rapid increase in population due to both immigration and migration; with the increase in population there is an increasing number of businesses looking for commercial property.

A place to call home, a concept that much of society aspires to. A home is a sanctuary, a place to raise a family; home after all, is where the heart belongs. However, does the notion that a house is make a house any less of a home than a house that is owner occupied? Housing policy during the latter part of the 20th century began to shift towards owner occupation. One policy in particular completely changed the face of housing, it brought about the biggest shake up in housing history. The Conservative Government’s ‘Right to Buy’ scheme or ‘Council House Privatisation’ as written in (Baldock, Mitton, Manning & Vickerstaff, 2012), formed part of the Housing Act 1980, the then secretary of state for the environment, Michael Heseltine, stated "This bill lays the foundations for one of the most important social revolutions of this century” (Jones, 2011). Therefore, this essay will answer the question can the “Right to Buy” policy as introduced

Those who rent from private landlords do not only tend to, on average, pay almost double the rent of a person living within social housing but also are twice as likely to live in a residence the Government would class as a “non-decent home”, a residence in disrepair and one that does not meet health and safety standards (Jonathan Owen, 2014). The undisputable growth of private renting sector is not limited to England but is also noticeable in Wales, Scotland and Northern Ireland. In wales the private rental sector represents 14% of total housing, the private rental sector in Scotland has doubled over the last ten years as more than three hundred thousand properties have been sold and in Northern Ireland private landlords own more properties than councils and housing associations combined according to national figures provided in 214 (Jonathan Owen, 2014).