The Great Divide: Australia's Housing Mess and How to Fix It; Quarterly Essay 92
Alan Kohler, "The Great Divide: Australia's Housing Mess and How to Fix It; Quarterly Essay 92"
English | ISBN: 1760644234 | 2023 | 126 pages | EPUB, PDF | 1211 KB + 2 MB
English | ISBN: 1760644234 | 2023 | 126 pages | EPUB, PDF | 1211 KB + 2 MB
What caused Australia's housing crisis - and how we might fix it
One of the great mysteries of Australian life is that a land of sweeping plains, with one of the lowest population densities on the planet, has a shortage of land for houses. As a result, Sydney is the second most expensive place to buy a house on Earth, after Hong Kong.
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.
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