Is this the answer to fixing Australia’s affordability crisis?

12
Article feature image

Suburb of Cecil Hills, Western Sydney, Australia
Suburb of Cecil Hills, Western Sydney, Australia
Andrew Merry via Getty Images

House prices are back in the news, and out of control.

In the past three months the median house price in Sydney has risen by more than A$100,000 to A$1.12 million. Sydney’s median residential property price (including houses and apartments) is now 2.6% above its previous high-water mark, recorded in August 2017, before lending criteria were tightened (and COVID-19 struck).

Even areas far from central Sydney, such…

Click here to view the original article.