The housing boom increased wealth gains for affluent households while rising housing costs undermined income gains for less affluent households.
The Productivity Commission neglected the impact of housing costs. After allowing for these costs, the top 10% of households' average disposable income grew at 2.7 times the rate of the bottom 10%.
Only in the past couple of years has housing construction got close to matching population growth in Sydney and other big cities.
Migrants have similar home ownership rates to the overall population and rely less on public housing. But housing supply shortfalls and higher prices have reduced ownership among recent migrants.
In the past, house building matched high immigration. Construction has increased, particularly in Sydney, but needs to make up the backlog of a decade of undersupply.
Australian governments are faced with a choice: make the difficult decisions to fix planning systems so more houses can be built, or tap the brakes on Australia's migrant intake.
Only the national government can solve the housing crisis – but local authorities can make a big difference in their communities.
Australia got in first with restrictions on foreign investors in housing, but Jacinda Arden’s new government plans to go further.
Concerns about foreign investors driving up housing prices have been growing. Australia was first to bar foreign purchases of existing residential property, but New Zealand is set to go further.
State premiers like Gladys Berejiklian need to have a much sharper policy focus on delivering social and affordable housing.
Yet again the evidence shows supply is no cure-all for affordable housing. All levels of government in Australia need to concentrate on housing for low-income renters in particular.
Most Sydneysiders are concerned about the effects of foreign investment on the local real estate market.
Only 18% of Sydneysiders think foreign investors should be able to buy property. They simply don't accept arguments that this investment improves housing affordability by increasing supply.
Driven by higher returns on their equity, debt-financed investors are dominating the housing market and shaping its growth.
New research shows the actual returns on equity for housing investors are higher than most people realise. This helps explain why investors are able to out-compete other home buyers.
Low-cost housing development on the city outskirts can expose owners to higher costs in the long run.
People are taking on larger future risks and costs just so they can buy a house. Increases in new home owners are seen as a positive development, but what if they can't afford the ongoing costs?
The Turnbull government’s line that supply is the key to affordability finds little support among housing experts.
Housing experts writing for The Conversation largely agree on the government policies that are causing negative distortions in the market and the wider economy. And supply is not the key concern.
The financialisation of housing has become central to wealth creation in Australian households.
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We now value the house as a wealth builder, not just a place to live in and raise a family. The result is a distorted investment market that makes home ownership and rental unaffordable.
Clue: the UK needs to get over its obsession with home ownership.
On average, Gen Ys are $50,000 short of the deposit they expect they’ll need to buy their first home.
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Without long-term solutions to the imbalance between incomes and house prices, Gen Ys face a lifetime of renting without the financial and emotional security of home ownership.
Crane numbers, in this case in Darlington, Sydney, are an indication of the number of new units coming onto the market.
We are hearing dire warnings from property interests fighting against changes to negative gearing. But what if Labor's proposed changes actually support demand for the flood of new properties?
The CBD amenities on which tourism depends struggle to find and keep good workers because of high housing costs.
The hospitality and tourism sector is struggling to find a good supply of lower-paid workers in the CBD, because that is also where they face either high housing or travel costs.
A key problem with working out the impacts of negative gearing is that we don’t know exactly which properties it affects or the status of their tenants.
What if there was a middle option between retention and abolition that made negative gearing work better? There are multiple ways to improve accountability for this $8 billion-a-year tax concession.
A new study reveals just how tough it can be to rebuild a life after homelessness.
When it comes to property, Australia’s super rich are not that different to China’s.
The public debate has shifted from a discussion about invading foreign investors to a discussion about foreign rule breakers.
We do need new homes - but Cameron's plan could have unintended consequences.
Housing’s in the news.
Until recently, affordable housing was mentioned only in conversations involving low-wage or unemployed workers – or the homeless. The only groups that focused on rising rental costs were low-income housing…