Forget Affordable Housing: For Generations!

The data does not lie, housing is more out of reach for more Australians than ever before, whether renting, or purchase via a mortgage. The gap between incomes and home prices have gone through the roof, and households are spending more than ever on trying to house themselves. Over the past 20 years, property prices have risen at more than double that pace, increasing at a compound annual rate of 5.4 per cent. The result? An intergenerational chasm in wealth and opportunity, with younger Australians increasingly locked into rental cycles or forced to rely on parental support to buy a […]