‘Act urgently now’: Why sky-high house prices are a problem for everyone

 Fixing housing affordability is an enormous task, but it’s too important not to get right.

Another review has laid bare the challenge for first-home hopefuls facing skyrocketing property prices, combined with rising rents and scant interest on their savings.

There have been so many reviews that “submitter fatigue” was acknowledged in the latest version, the inquiry into housing affordability and supply in Australia, chaired by Liberal MP for Mackellar Jason Falinski.

He represents the Northern Beaches, where house prices shot up 36.9 per cent last year to a median $2.82 million, on Domain figures.

Read More: https://www.smh.com.au/property/news/act-urgently-now-why-sky-high-house-prices-are-a-problem-for-everyone-20220323-p5a78b.html



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