Affordable housing: the great Australian dream

THE GREAT AUSTRALIAN DREAM OUT OF REACH

Housing affordability has been the topic of much debate and discussion recently as the realisation that the once great Australian dream – home ownership – is simply out of reach for many Australians and may never be achieved by a whole generation.

In early March the Turnbull Government announced the establishment of an Affordable Housing Implementation Taskforce, tasked with developing an affordable housing bond aggregator model for consideration by the Commonwealth, States and Territories.

With most homeowners mortgaged into record debt, thirty percent of Australians living in rental properties, an increasing demand for social housing and growing homelessness in capital cities, it is clear something must be done.