Australia’s residential house prices rank among the highest in the world, and an increasing number of aspiring home owners are finding themselves locked out of the property market.
While low interest rates and higher wages have somewhat tempered the impact of high house prices, these factors have not helped low-income earners, who continue to struggle to find housing within their budget.
One possible solution is to use urban planning policies, such as inclusionary housing, to boost the number of affordable dwellings. Such policies have been successful in other countries, but are yet to be effectively adopted in Australia.
Dallas Rogers speaks with Nicole Gurran about how other countries are using inclusionary housing policies and the lessons for Australia.
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Music: Free Music Archive/Podington Bear and Jahzzar