3 - Housing Crisis in Australia
The Red Line
00:00
Growth in the Housing Market
Peter tinley is the minister for housing for western australia. He gives us an inthe room look at what the government is trying to do to ease this terrible problem. The challenge we got here is getting the 20 % plus deposit required by the banks and plus survive what has been, quite frankly, really difficult credit assessment terms. And why is it so important that we see a constant growth in the housing market? You know, why is the government putting thisas such a high priority? Gena, well, we do need a certain amount of growth in housing prices,. That assists people in building equity in their home and makes the cost of credit more more accessible.
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