Australia’s Housing Crisis Needs More Than a Renovation
- Thousands of Australian renters are struggling with housing affordability as federal election leaders prepare to debate policies in early May 2025.
- The crisis reflects decades of rising house prices outpacing incomes, inadequate social housing, and tax policies favoring investors over low-income renters.
- A nine.com.au survey of over 500 readers found almost 80% doubt either major party’s election policies will improve housing affordability for first-time buyers or renters.
- The Coalition proposes mortgage interest tax deductions saving $12,000 annually on average, while Labor plans a $10 billion investment to build 100,000 homes for first-time buyers.
- Experts say long-term reform and increased government support are essential as current measures and supply growth will not immediately ease rental stress or homelessness.
20 Articles
20 Articles
SATURDAY - The most shocking stat yet on Australia’s housing crisis 🏠 - Ben Fordham Live
Fixing Our Housing Crisis
In major cities across the world’s richest democracies, housing affordability has become an intractable problem. For the last thirty years, slowly but surely, house prices have been rising faster than household incomes. In the US, the UK, and Australia, the housing crisis is the defining political failure of our time. As Ezra Klein and Derek Thompson argue in their new book Abundance, the inability of democracies to build enough homes and suppor…
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