Is our love affair with housing responsible for the problems plaguing our cities,governments and way of life?
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In a country with some of the most expensive housing in the world,Australians are carrying record levels of debt to pay for homes ever-more distant from their places of work.
The COVID-19 pandemic only exacerbated longstanding problems in the country’s housing market.
The solutions to Australia’s housing problems are well known. But the political danger of taking on huge vested interests is clear.
Experts believe the nation’s living standards and productivity performance are being harmed by the way the property sector is distorting business and consumer behaviour.
Our love affair with property is literally destroying our way of life and that of future generations.
Being a renter in Australia has never been more difficult,thanks to record low vacancy rates and skyrocketing rents. But it’s also becoming increasingly difficult to be an investor.
Tracking property prices is a national sport. But what if the housing market was even more of a problem? What if the entire economy was being eaten by a property monster?