ABC News Daily

Housing Hostages: The great (investor) dream

8 snips
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.
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ANECDOTE

Sydney House Hunters

  • Michael Janda met a couple, Justin and Lana, house-hunting in Sydney.
  • They are five and a half months pregnant and struggling to find a three-bedroom home they can afford.
ANECDOTE

Carl's Struggle

  • Michael Janda attended another auction where he met Carl, an IT professional.
  • Despite a good income and savings, Carl found it challenging to find an affordable property in Sydney.
ANECDOTE

Margaret's Portfolio

  • Margaret Lomas, a property investor, started buying properties at 20 and now owns over 25.
  • She acknowledges that her success, aided by timing and her parents, is nearly impossible to replicate today.
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