Do politicians even want to reinvigorate Australia’s homeownership dream?

Who should we believe?

Last week, former Prime Minister John Howard said he did not “accept” there was a housing crisis in Australia.

But that same day, Anglicare released a report on the affordability of rental housing that showed otherwise.

The report found that there were hardly any rental properties in Australia that low-income households could afford.

And a few weeks earlier, the real estate group Domain also warned that Australia was facing “a rental crisis”.

“All capitals are now operating in a landlord market, the first time this has happened since the inception of Domain Records,” it said.

“The increase in investor activity, as well as the foreign migrants who will rent on arrival, will further increase rental demand and worsen conditions for tenants.”

Is a rental crisis not a housing crisis?

The ‘Australian dream’ is dead

The problems in the Australian housing sector have accumulated and spread over decades.

In early 2020, the Australian Housing and Urban Research Institute released a report explaining how much dynamics had changed since the post-war era.

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