Quote:
Originally Posted by ozzie
"Clearly the crisis in housing affordability is primarily a structural problem on the supply side, not a cyclical phenomenon, otherwise a recovery would already be under way.
"The situation requires a response from the three tiers of government in implementing policies to address the erosion in affordability."
It's getting harder and harder for young people to purchase a home in most metropolitan cities.
Not sure what the governments can do. Perhaps lowering stamp duty would be a start.
Housing affordability hits new record low | NEWS.com.au Business |
i am total agree on your comments, i am 45 now and still did n't get my own home. Well i must say stamp duty must be lowered. I hope this can be happen in next summer or so
