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Australian housing more expensive than it should be: PCA

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Your Investment Property | 19 May 2016, 04:35 AM Agree 0
Housing affordability is very real problem according to the Property Council of Australia, but potential solutions being put forward by policy makers will do little to address the issue
  • Recent Investor stuck in the middle | 21 May 2016, 11:58 AM Agree 0
    The cause of Australia's housing affordability problem was the fact that the 2003 to 2009 boom was allowed to run too far too fast by an unprepared government which did not allow enough land development to meet demand. Prices nearly tripled in this period putting most new buyers out of the market and benefitting the already well to do even further. The only way to improve housing affordability is to subsidies newcomers to the market ie. by increasing the first homebuyers grant.
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