Housing is becoming a political headache, perhaps an intergenerational tragedy too. Yet there are things that are in the hands of politicians to change.
Demand for housing is set to become this pre-election year’s big political headache, yet the construction of new houses has sunk to its lowest level in a decade.
The cost of land, labour and materials has soared so much that in the midst of so much demand, developers cannot make enough money out of meeting it. Builders cannot afford to build, and would-be buyers cannot afford to buy.
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The Australian Financial Review’s succinct take on the principles at stake in major domestic and global stories – and what policy makers should do about them.
