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Housing Prices Outpace Incomes
- Housing prices have risen about double the pace of incomes over the last 20 years.
- This gap makes it very difficult for first home buyers to save deposits and service loans.
Supply Shortage Drives Prices Up
- The underlying housing crisis is the persistent low supply amid high demand.
- Increasing housing supply is broadly agreed upon as the key to long-term affordability.
Contrast in Supply Policies
- Coalition's $5 billion infrastructure fund targets lower construction costs and faster housing delivery.
- Labor's $10 billion fund focuses on social housing but will take longer to impact supply.