Even properties at the lower end of the market are beyond the means of most people on low fixed incomes.
Only a small proportion of housing is affordable for low-income earners, while people on Newstart or Youth Allowance don't have any affordable options at all.
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.
Generation X and Y are equally, if not more aggressive than baby boomers when investing in property.
Business Briefing: how the attitudes of the next generation are changing the property market.
The Conversation 18.5 MB (download)
There's been a shift in attitudes to the property market over generations, from owning a home as a right, to owning a home as a commodity.
On current trends, renters will eventually outnumber home buyers, representing a fundamental shift in how the economy and wealth generation work.
Generation Rent may force a complete rethinking of home ownership as a basis of our housing systems. Rather than representing security, these housing markets make us vulnerable.
The housing affordability crisis isn’t limited to the big cities – the Tweed Heads area, for instance, is rated worse than Melbourne in the latest survey.
The affordability crisis in regional Australia has a long history. In some places the problem is even worse for residents than in the capital cities.
Ready for a rainy day?
Financial reforms have given us a greater role in saving for retirement. Alas we're not very good at it.
The UK's obsession with ramping up prices for one of life's essentials could bring the economic roof down.
In countries where many if not most households have pets, ‘no pets’ rental policies are a serious obstacle to housing security.
Landlords and property agents often apply 'no pets' rules even though many households see them as part of the family. Their difficulty in finding rental housing then becomes a source of great stress.
Good investment? What do your friends think?
Research suggests how your online friends experienced the housing collapse affected how you perceived your local real estate market.
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.
A national housing policy is needed that recognises how all the sectors – buying, renting, investing, social housing or homeless – are connected.
A decent national housing policy is not just about the million or so Australians who are in housing need, marginal housing or homeless. In reality, all the housing sectors are connected.
What will help get them on the housing ladder?
Steve Parsons/PA Archive
Both sides have used the housing ladder to persuade voters in the EU referendum campaign. Are they right to do so?
The influence of London's Chinatown is declining, but Chinese wealth is bringing far greater change to the city's modern skyline.
The International Monetary Fund estimates that Australia’s houses are overvalued by around 10%.
Ballooning borrowing to invest in the housing market is impeding investment in the real economy, holding back investment in skills and jobs, and driving up inequality.
About a third of property investors are positively geared.
AAP Image/Dave Hunt
Prime Minister Malcolm Turnbull has warned that Labor's negative gearing policy would deliver "massive shocks" to the residential housing market and drive all investors away. Does that claim stack up?
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.
Federal governments have traditionally struggled to develop a coherent view for our cities.
AAP Image/NewZulu/Thinking Media
For the first time, both major parties have a cities portfolio in their front bench team. With a few more changes, the government could create a structure that will really get to grips with urban issues.
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…
Micro housing could be the solution to helping millennials afford a home.
Home change via www.shutterstock.com
I co-teach a freshman seminar at the University of Texas called “Debt: the Good, Bad and Ugly” that examines the different ways consumers borrow and spend. Do they reflect wise investments in the future…