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🔗 Source: rosselliott.com.au
📊 Size: 3.02 MB
📄 Pages: 30 pages
⬇️ Downloads: 62

Summary

Housing affordability in Australia is worsening, with families devoting over 30% of their income to housing costs. Limited land supply, government taxes and fees, and environmental compliance costs are driving up housing costs. Australia faces a serious shortfall of land supply, and government-related costs have increased by $50,000 to $100,000 in the last five years. The cost of new housing is becoming unaffordable, with Sydney being one of the least affordable cities in the world. The situation is creating a generational divide, where young families are being priced out of the market. Remedies include fixing development assessment systems, increasing land supply, and decreasing the tax and regulatory burden on new housing.

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Housing affordability in Australia is worsening, with families devoting over 30% of their income to housing costs.

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  • File Format: PDF
  • File Size: 3.02 MB
  • Pages: 30
  • Language: EN
  • Total Downloads: 62
  • Last Updated: 2 months ago

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