The escalation in house prices is a pain that has altered Australian society; it has increased inequality and profoundly changed the relationship between generations – between those who have a house and those who don’t. It has caused a rental crisis, a dearth of public housing and a mortgage crunch.
Things went seriously wrong at the start of the twenty-first century, when there was a huge and permanent rise in the price of housing. In this crisp, clarifying and forward-looking essay “What caused Australia’s housing crisis – and how we might fix it”, Alan Kohler tells the story of how we got into this mess – and how we might get out of it.
Listen to this Per Capita Webinar, recorded on the 15th of December 2023, hosted by Per Capita’s Emma Dawson and Matt Lloyd-Cape.