It’s time for the prime minister to step up and rule out tinkering with the housing market and get on with the job of creating more supply. In particular he must rule out any changes to negative gearing.
Tagged: housing crisis
The Queensland Housing Summit was an admission of failure and did nothing to address the real problems in housing affordability in Queensland.
The Q2 2022 Australian housing market saw a general increase in the Repayments Index, indicating a decrease in affordability, and a decrease in the Deposit Index, indicating a fall in house prices, making it easier to save for a deposit.
House prices are likely at a peak, with or without interest rate rises, as they nudge levels of unaffordability last seen just before the Global Financial Crisis.