Housing Affordability in Australia

Background Residential Australia's affordable price has become the focus of urban planners in recent years. In particular, Southeast Queensland State (SEQ) is under great pressure as the population continues to increase as demand for real estate and affordable housing increases. This problem is the focus of the discussion at the local municipalities in the area, and it is necessary to solve the affordable price of the housing. Affordable issues are complex and depend on a number of factors, including the impact of Board procedures that are within the scope of the HAF-T5 project.

Avoidance of defamation has become a symbol of the generation of Australia that is locked out of the real estate market. Sunday evening, a special broadcaster in Australia's residential affordable crisis 60 minutes. This program, called "Helter Shelter", interviewed Australian real estate billionaire to gain their insights. This is a dull proposal from Tim Gurner to the Y generation.

Background Residential affordable prices can be defined as the ability to acquire adequate housing for a period of time or price, which is not a major burden on household income. (1,2) House prices in Australia have declined dramatically, and average house prices rose 147% between 2001 and 2011. This is not consistent with income growth. (1) This decrease is probably due to economic growth, population growth, ease of financing, incentives for home owners and investors. These are not the end of the mortgage crisis. Foreclosure / short trade seems to be increasing, and the dream of purchasing houses in the US is decreasing. Many people feel that they are hopelessly deceived because of the economic downturn caused by the collapse of the real estate market. I learned a lot from the crash, and it seems to be difficult to believe it, but there still is a silver lining in the mistake during the mortgage crisis.

Lack of affordable housing is considered a major factor in Australian homelessness. The rise in housing prices and rents has put economic pressure on individuals and families and found that some people can not afford existing living arrangements. Between 2002 and 2007, the number of families seeking assistance for homeless services in Australia has increased by 30% (Way Home 2008: 12). This indicates that policy response to Australian housing has yet to be formulated, indicating that there is a shortage of affordable housing for low-income housing.

The affordable price of housing is not the only major city in Australia. As emphasized in Richard Florida's new book, New Urban Crisis, the younger generation is facing this problem more and more in other countries. This is a serious problem for young people who voted recently in the UK general election. As highlighted in the last article, the affordable price of houses is complex and multilayered, not black and white. The discussion so far has focused on Sydney and Melbourne, but little consideration is given to major impacts. The proposed solution lacks imagination and location (Sydney and Melbourne) quite unique. This solution also focuses primarily on the supply of housing demand, rarely on the demand side.