Shape of advice
Andrew Bragg
Nov 3, 2024
Andrew Bragg, a Liberal Senator from New South Wales and Shadow Assistant Minister for Home Ownership, shares his insights on housing affordability and the urgent need for financial reform in Australia. He discusses future housing policies focused on deregulation and innovative solutions for first-home buyers. The conversation dives into the interplay between superannuation and housing, advocating for reforms to ease the financial burden on citizens. Bragg also emphasizes the critical role of financial advisors in navigating complex landscapes and planning for the future.
26:58
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Quick takeaways
- Senator Bragg highlights the critical decline in housing construction rates in Australia, stressing the importance of supporting property developers to improve affordability.
- He advocates for enhancing financial literacy and engaging professional advisors to empower individuals in managing their financial futures effectively.
Deep dives
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.
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