Housing Affordability Must Be On The Election Agenda

‘Housing affordability, now at critically low levels right across Australia, must be on the election agenda as a priority,’ says Graham Joyce, President of the Real Estate Institute of Australia (REIA).

‘The Government recognised the significant socio-economic problems which arise as a result of declining home loan affordability and convened a Productivity Commission inquiry into first home ownership in 2004. Since then, things have only got worse.