Solving The Housing Affordability Challenge

Residential real estate holds significant value for Australians. Financially, it is the country’s largest asset class, with a valuation of over $7 trillion. Emotionally, it defines the Great Australian Dream. 

However, housing affordability has worsened over the past 15 years by every measure. The cost of buying a house is 7.2 times the annual income of a typical household, up from 4.2 times annual household income 15 years ago.

How can the problem be addressed?

In September 2017, 12…