Today, I discuss Australia’s housing crisis in Australia with Brendan Coates, the Housing and Economic Security Program Director at the Grattan Institute.
We explore what’s really driving the housing crisis, the impact of migration and tax policies, and why simply building more homes may not be the silver bullet many think it is.
We also get Brendan’s insights on how we can create a fairer, more sustainable housing market for all Australians.
Our conversation also covers the expectations of first-time home buyers, government responses, and the long-term outlook for housing affordability.
Takeaways
- There's a pressure cooker building up for the housing markets.
- The housing crisis will take a decade to resolve.
- We haven't built enough housing to meet demand.
- Migration is playing a role in the housing crisis
- Rents have risen significantly since the pandemic.
- Government policies need to focus on increasing housing supply.
- Stamp duty is a barrier to housing mobility.
- Social housing is essential for vulnerable populations.
- Construction costs need to be addressed to improve housing supply.
Links and Resources:
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Brendan Coates – Housing and Economic Security Program Director, Grattan Institute
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