Ownership concentration

By: wizofaus (Registered ) on 28-09-2007 05:31

The reality is for most people trying to enter the housing market, the money you might save using milk-crates instead of furniture is not going help much saving up a deposit to make even a $300000 house affordable on an average income. I'm afraid the only logical explanation for house-prices consistently outstripping the affordability of many buyers is that housing ownership is increasingly concentrated in the hands of the those who can afford to buy multiple properties. Hence realistically, if the ideal is for the average young Australian family to own their own home, we need policies that make buying and owning investment properties much less attractive and profitable. But trying selling that to the electorate.

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