12 Aug Three reasons why the coronavirus crisis might fix Australia’s housing affordability crisis
Key Points:
- For more than a decade now Australia has had a chronic problem with poor housing affordability
- While various things may have played a role the key driver of poor affordability in Australia has been a surge in population growth and an inadequate housing supply response.
- The coronavirus hit to the economy is driving yet another cyclical downturn in property prices. But it could have a more lasting effect in improving affordability via a long tail of unemployment, lower for longer levels of immigration and a shift to working from home.
