EPISODE · Sep 21, 2024 · 53 MIN
Senate debates and delays, as housing affordability worsens
from Insiders · host Australian Broadcasting Corporation
New figures show housing affordability in Australia is now at its worst level on record. Interest rates remain high – property prices are still climbing – buying a house is simply beyond reach for many. This will be a major issue at the election. But during the week - Senators couldn't even hold a vote on Labor's latest measure – the Help to Buy scheme – which involves government co-ownership to help some into the market. The Greens and the Coalition teamed up to further delay a decision on the bill. Tempers flared – with Labor rounding on the Greens – and all sides blaming each other for the worsening housing crisis.
What this episode covers
New figures show housing affordability in Australia is now at its worst level on record. Interest rates remain high – property prices are still climbing – buying a house is simply beyond reach for many. This will be a major issue at the election. But during the week - Senators couldn't even hold a vote on Labor's latest measure – the Help to Buy scheme – which involves government co-ownership to help some into the market. The Greens and the Coalition teamed up to further delay a decision on the bill. Tempers flared – with Labor rounding on the Greens – and all sides blaming each other for the worsening housing crisis.
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Senate debates and delays, as housing affordability worsens
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