Housing Affordability Blown To Bits…

Which ever way you look at it, housing affordability in Australia is shot. Cotality (formerly CoreLogic) reported that the total value of Australia’s housing stock was $11.3 trillion as of April 30, 2025, with the average home worth exactly $1 million. This is a leech on the economic prosperity of Australia, and a massive misallocation of capital that has ultimately harmed productivity, equity, and the broader economy. The rate of home ownership has gradually declined over time, particularly among younger, low-income households where income cannot keep pace with growth. The average age of first home buyers has increased, and increasingly […]