Successive Australian governments at the federal and state level have placed too much emphasis on stimulus measures to help first-home buyers enter the property market, according to a new report.
The Australian Housing and Urban Research Institute’s study said housing policy for the last two decades had focused too much on “demand-side” levers while doing very little to increase supply.
Housing affordability is a constant headache for prospective homeowners who have to contend with the ever-increasing cost of owning a property—the value of Australia’s housing market reached new heights in March after it breached the $10 trillion (US$6.95 trillion) mark for the first time….