The Elephant In The Room Property Podcast | Inside Australian Real Estate Debrief: The Falinski Report on Housing Affordability in Australia
There IS a housing affordability crisis in Australia.
In this episode, we’re taking a look at and debriefing the Falinski report: a Federal Government Inquiry into housing affordability and supply in Australia, conducted in the second half of 2021.
What’s causing the drop in housing affordability? What does the Falinski report recommend to ease the crisis? Are there gaps in the report? We cover these and more in the show!
If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at questions@theelephantintheroom.com.au!
See you in the episode!
Episode Highlights:
- Our views on housing affordability [02:01]
- Declining homeownership rates in Australia [04:26]
- The correlation between interest rates and housing affordability [08:16]
- On taxes, levies, and construction costs [10:41]
- The government’s role in delivering and funding housing services [14:32]
- Falinski Report recommendations on housing affordability [18:04]
- Halting top-down impositions & loosening planning restrictions [18:09]
- Holding accountability in certain areas [24:18]
- Addressing homelessness, critical housing, and rent-to-buy schemes [28:29]
- Using super to assist first home buyers in securing deposit [32:08]
- Will keeping negative gearing help housing affordability? [35:16]
- Replacing stamp duty with land tax to increase supply [38:51]
- Acknowledging transitional costs [41:34]
- Ensuring developer contributions are used on infrastructure [42:03]
- Evaluating the build-to-rent sector, APRA & non-bank lenders [43:55]
- Monetary policies, information flow, and government support for housing [46:06]
- What the Falinski report does not cover [47:48]
- Is the lack of luxury housing causing a domino effect? [51:05]
Links from the Show:
Connect with Us:
- Looking for a Sydney Buyers Agent? www.gooddeeds.com.au
- Work with Veronica: https://linktr.ee/veronicamorgan
- Looking for a Mortgage Broker? www.wealthful.com.au
- Work with Chris: hello@wealthful.com.au
- Send in your questions to: questions@theelephantintheroom.com.au
Find this episode on our website:
https://www.theelephantintheroom.com.au/podcasts/224
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