Real home prices across Australia have climbed 150% since 2000, while real wages have climbed by less than a third.
The federal government’s new A$688 million HomeBuilder package might protect residential construction jobs but it’s a missed opportunity to deliver sustainability benefits that would save owners money in the long run.
As we’ve been living more closely with families and housemates through COVID-19, the more intensive ways we’ve used our houses has perhaps exposed some of their shortcomings.
Short-term fixes have highlighted the entrenched failings of Australia’s housing system. This crisis has laid bare five major vulnerabilities.