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ABC News Daily

Housing Hostages: The great (investor) dream

Mar 2, 2025
Michael Janda, ABC's business editor, delves into Australia’s housing crisis, dissecting the harsh reality for first-time buyers grappling with skyrocketing prices. He highlights the disparity between investor success and the struggles of new home seekers. The conversation addresses the transformation of housing into a commodity, the impact of rising household debt, and the implications for future generations. Janda also considers potential solutions to boost housing supply and alleviate the mounting pressures faced by prospective homeowners.
25:24

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Quick takeaways

  • The Australian housing crisis has made homeownership increasingly unattainable for first-time buyers due to soaring prices and competition.
  • Investors are prioritizing housing as an asset over a basic necessity, exacerbating the affordability crisis for families seeking homes.

Deep dives

Struggles of First-Time Homebuyers

Many first-time homebuyers in Australia face significant challenges in entering the property market due to rising prices and a competitive auction environment. For instance, a young couple recently shared their frustrations about constantly finding homes that are just out of their financial reach, despite being eager to secure a place before their child arrives. As prices continue to climb, they struggle to find adequate three-bedroom homes within their budget. This scenario highlights the broader issue of affordability in the housing market, impacting many families trying to establish themselves.

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