Focus on Housing Affordability

The podcast emphasizes the significant issue of housing affordability in Australia, highlighting that current housing construction rates have drastically declined. Senator Andrew Bragg points out that eight years ago, 220,000 houses were built annually, while this year, the number has dropped to 160,000 amidst a surge in population. He attributes this decline to high industry costs and ineffective bureaucracies, noting that focusing on property developers and builders is essential to increasing supply. To address affordability, he advocates for policies that support first-home buyers by modifying lending laws and utilizing superannuation funds.