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Affordable Housing System ‘failing’ Australia; ‘requires decisive federal leadership’



A national housing strategy is needed to fix Australia’s “failing” affordable housing system, according to a report from academics at the University of Sydney, the University of New South Wales and Curtin University.

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The report, released by the Australian Housing and Urban Research Institute on Tuesday, called for a coordinated “whole-of-government” approach and decisive federal leadership.

It said Australia’s housing policy was “weak and/or inappropriate” and public funding was inadequate

Australia has a shortfall of more than 200,000 affordable dwellings. In New South Wales there are more than 60,000 households on the social and affordable housing waiting list, and more new dwellings were constructed between 1990 and 1995 then 1995 and 2010.

The report’s authors said Western Australia, South Australia and the Australian Capital Territory had developed effective housing plans that the federal government should follow. Overseas, the UK and Canada had also set up national strategies that Australia should learn from.

The report praised the WA government for its 2010 affordable housing strategy, which delivered its target of 20,000 affordable dwellings five years ahead of schedule.

South Australia also created 5,485 affordable dwellings between 2005 and 2015 through inclusionary planning – a policy that requires new developments to provide a certain percentage of affordable houses, or gives incentives to do so.

Under the SA scheme, the 5,485 affordable houses made up 17% of the state’s new housing supply.

In NSW, a similar 2009 scheme created only 2,000 affordable rental dwellings in Sydney, less than 1% of the total new developments over the same period.

The report’s authors stressed that inclusionary planning – which relies on private development – should “never be seen as an alternative” to the government’s own duty to provide funding and construction for affordable homes.

Instead they called for an independent national housing advisory body, and for a long-term, “resilient” strategy that could “survive a change of government”.

“A key lesson from both the NSW program and parts of the ACT strategy was the difficulty in sustaining the housing outcomes after the original political champion(s) had moved on,” the report said.

They also praised the ACT’s housing strategy – which provides for an affordable land price scheme – and the Indigenous housing program developed in the east Kimberly by the Wunan Foundation.

Previous national schemes were found to have had an effect but all had been discontinued after a few years. A 2009-12 initiative provided $5.7bn of funding and constructed 19,700 new dwellings nationally.

The 2008 national rental affordability scheme provided tax incentives for investors to build new housing and rent at below-market rates – creating 36,700 privately owned affordable houses – but the scheme was discontinued in 2014 and rents will start to become uncapped in 2018.

Since 2017 the national disability insurance scheme has provided for the construction of 16,000 affordable housing units designed for people with severe functional impairment or very high support needs, costing $700m annually.

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Trump Comments on Stock Market’s latest drop – says it’s ‘peanuts’



trump comments peanuts on stock market

Trump says Tuesday’s market drop is ‘peanuts’

President Donald Trump played down the stock market’s losses on Tuesday as “peanuts” when compared with the importance of striking a good deal with China and the gains since his election.

The Dow Jones Industrial Average “was about 16,000 or 15,000 and now it’s almost at 30,000,” Trump said at the NATO summit in London. “It’s going to be at 30,000.”

“If the stock market goes up or down — I don’t watch the stock market. I watch jobs. Jobs are what I watch,” he added. Today’s move is “peanuts compared to — we have picked up record numbers so that’s OK. That’s the way I feel.”

The major stock indexes slid Tuesday after Trump said he thinks it would be a good idea to delay signing a trade deal with China after the 2020 presidential election. The Dow Jones Industrial Average fell more than 450 points at its lows on Tuesday, led lower by trade-vulnerable AppleCaterpillar and 3M.

“In some ways, I like the idea of waiting until after the election for the China deal, but they want to make a deal now, and we will see whether or not the deal is going to be right,” Trump told reporters before U.S. markets opened Tuesday. When asked if he had a deal deadline, he added: “I have no deadline, no. … In some ways, I think it is better to wait until after the election if you want to know the truth.”

Despite his assurances that he doesn’t watch the market’s daily moves, Trump often tweets within hours of when the U.S. equity market reaches an all-time high. He has tweeted the keyword “stock market” 107 times since his inauguration


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11 kids quotes we’re all feeling



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Ok so there’s always that time when you just wish so bad you could straight up say whats on your mind, but you know you really shouldn’t, so you don’t. Well leave it up to kids to say exactly what you’re feeling, no hesitation or regret. Check out these kids quotes that say everything you wish you could!

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Why do kids say the darndest things? Comment with your favorite!

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How to become a better businessman in 6 steps; Priceless advice from Entrepreneurs



Become a better businessman in 6 steps following this priceless advice from accomplished entrepreneurs.

  1. “Do something you’re very passionate about, and don’t try to chase what is the hot passion of the day.”

    Jeff Bezos accentuates having passion for what you are doing, because if you don’t love it you are much more likely to give up. It’s hard to take an idea and turn it into reality, especially by yourself or when people whom you respect tell you it can’t be done. The passion and love you give to your project will determine it’s success rate over time.

    Jeff Bezos Become a better businessman

  2. “Don’t let people who you may respect and who you believe know what they are talking about tell you that it can’t be done.”

    Pierre Omidyar continues to say that often they will tell you it can’t be done and that’s only because they don’t have the courage to try it.

    Pierre Omidyar become a better businessman

  3. “If you know exactly who you want to be, you need to spend as much time [as possible] with people that are actually that already.”

    This advice from Gary Vaynerchuk is actually priceless when it comes to success in the business world. Think as well “It’s not what you know but who you know,” and surround yourself with people you look up to. Human’s adapt to their surroundings quickly, and soon you won’t just want to be an entrepreneur, you will also know how to act like one.

    Gary Vaynerchuk

  4. “Come up with 10 new ideas every day.”

    Coming up with at least 10 new ideas every day will keep your “idea muscle” in shape, which is critical for an entrepreneur in order to keep going and stay ahead of the fast paced business world. James Altucher continues to say that once you’ve done this for about 6 months you will be an idea machine. New ideas keep passionate projects alive and ensure growth in every direction.

    Read Next: Working for yourself; Pros and Cons

    James Altucher become a better businessman

  5. Realize that, “naturally, nobody is interested in your ideas. You have to persuade them, and you have to show them that you are the one person out there that can do it.”

    Robert Greene, an American author known for his books on strategy, also says that “no one is really going to help you or give you direction.” Realizing this sooner than others will give you a head start and the ability to stop looking for recognition in others. Instead, you can focus on your passion project and make it perfect, and the world will not be able to ignore it.

    Robert Greene

    More about ‘Mastery’ by Robert Greene

  6. “Don’t think about ‘how do I get big fast.’ That will happen if you build something meaningful and important.”

    How to encourage teamwork in your organisation

    Danae Ringelmann’s advice is not something to skip. If you rush your ideas or your product you will be relying on luck more than anything to create success for you. While luck is certainly involved in alot of things, relying on it or betting on it to ‘get big fast’ doesn’t help you become a better businessman. Being proud of what you create, instilling passion into your work, and working hard will ensure success more than anything.

    danae ringelmann

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