The new Labor government took a variety of housing policies to the election but questions still remain as to how well they address the problem.
As voters headed to the polling stations this weekend, one of the big issues on everyone's mind was the housing affordability crisis.
Low interest rates and a huge gap in supply has brought house prices to all-time highs, even through a pandemic and a recession.
With the reserve bank lifting interest rates, many analysts are now predicting a drop in house prices. But is this prediction accurate? And will the increased mortgage pressure make it just as hard for young people to secure their first home?
In this episode of Think: Business Futures, presenter Stefan Posthuma is joined by Harry Scheule, Professor of Finance at the UTS Business School and Simon Pressley, Founder and Head of Property Market Research at Propertyology to delve into these questions and try to unearth the harsh truth.
LISTEN > Myth busting housing affordability | 24 May 2022 | 27 min
Guest bios
Harry Scheule is a Professor of Finance at the UTS Business School. See Harry's bio on UTS experts.
Simon Pressley is the Founder and Head of Property Market Research at Propertyology. See Simon's bio on LinkedIn.
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Think: Business Futures is produced by 2SER in partnership with UTS Business School.