Housing affordability: that old chestnut?

One thought on “Housing affordability: that old chestnut?”

  1. Thanks Nic, Andrew Bolt here. Long time fan, first time commenter. Systemic long term issues like this often suggest to me that there are political barriers in place. Reduced housing affordability sounds like a great thing for home owners, who would far outnumber first home buyers. Local council are known for NIMBY (not in my backyard) attitudes when it comes to housing development. This can reflect concerns of reduced capital gains by existing residents and the fact that councils are often lumped with the costs associated with housing development while state governments benefit from the additional taxes. Lastly, infrastructure spending is often misaligned with the political cycle. The new wave of city deals will hopefully go someway towards breaking down these barriers.

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s