By Robert Carry
The opposition has slammed Australia's rate of housing affordability describing it as a "major and significant national problem".
Speaking at the Australia-Israel Chamber of Commerce business lunch, Malcom Turnbull described housing affordability and supply as a form of "market failure". He continued, "I have very real concerns about housing affordability and it being too expensive for people to buy homes," he said.
According to The Australian Financial Review, Turnbull said that public transport was seriously lacking in certain suburbs. "There are large parts of Sydney where there is little or no public transport. As we all know the key thing with real estate is location, location location but locat9ion is a function of relative distance and it's measured in minutes, not kilometres," he said.
Whether you are looking to buy your first home, move home, refinance, or invest in property, a mortgage broker can help. Access loans from all the major lenders, get help with paperwork – plus there is no charge for this service. Get help from a local mortgage broker
Top Suburbs :
Get help financing your investment
Do you need help finding the right loan for your investment?
When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.
Just fill in a few details below and we'll then arrange for a local expert Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus, our mortgage broking service is at no cost to you.
We value your privacy and treat all your information seriously - you can check out