Skip to content Skip to main navigation

Community

Forget about garage sales
More buyers, More profit, Less stress

How’s the affordability?

By johnboy 4 January 2012 306

Apparently somewhere in the ACT Treasury resides a document claiming that Canberra is ‘Australia’s most affordable capital city’.

This has prompted the Liberals’ Vicki Dunne to let rip:

“In my electorate, the median house price in Canberra’s cheapest suburb of Charnwood is more than $160,000 higher than the equivalent suburb in Sydney (Canberra Times, 15 December 2011). In Dunlop, rates have increased by 132 per cent. This is anything but affordable and it’s time ACT Labor acknowledged this fact,” Member for Ginninderra Vicki Dunne said today.

“Overall, the average cost of a first home in Canberra has risen by more than $20,000 in the last financial year to over $400,000.

“Since ACT Labor came to power, ACT property rates and charges have increased by over 75 percent and rents have increased by 68 percent.

“ACT Labor is responsible for a substantial proportion of these cost pressures and if they can’t acknowledge the problem they can’t fix it.

At the heart of all this is an assumption that all people are on average or median incomes, where in fact the average is formed by a great number of people earning well under it.

Basically if you’re a double income public service family Canberra is quite affordable. And if you’re not then you should be.

What’s Your opinion?


Please login to post your comments, or connect with
306 Responses to
How’s the affordability?
Filter
Showing only Website comments
Order
Newest to Oldest
Oldest to Newst
16
GeneralMonash 1:07 pm 16 Feb 12

Futureproof said :

Isn’t Charwoood where they filmed Mad Max? There was no need for special sets and burnt out car bodies, they were already in place.

and Gallipoli i imagine.

Futureproof 3:39 pm 12 Feb 12

Isn’t Charwoood where they filmed Mad Max? There was no need for special sets and burnt out car bodies, they were already in place.

GBT 2:11 pm 02 Feb 12

chewy14 said :

It also mentions their own index that takes into account these factors. Care to post a link to that index? I mean according to you it should show that housing affordability hasn’t decreased right?

Because it would be so difficult to look at the post directly above mine which I was replying to.

Also, maybe you should try actually reading my previous posts where several times I did mention that affordability has decreased but that doesn’t necessarily equate to being severely unaffordable, which some people have tried to claim.

dpm 12:18 pm 02 Feb 12

poetix said :

(I can comment here again now that the Mully has been lost to this thread. I’m probably at least a three post nut-job here, but as this thread will never die, does it really matter?)

So, since you cracked the 300, your 3 posts make up 1% of the total. No need to stress about that – I think ~90% of the post were made by 2-3 people!

16

Related Articles

CBR Tweets

Sign up to our newsletter

Top
Copyright © 2018 Riot ACT Holdings Pty Ltd. All rights reserved.
the-riotact.com | aboutregional.com.au | b2bmagazine.com.au | thisiscanberra.com

Search across the site