The Real Cause of Housing Affordability Issues
Neil Jenman, a real estate expert, argues that Australia’s housing crisis stems from more than just interest rates. He suggests that the rapidly increasing cost of property itself is a primary factor.
“The cost of housing stock is out of reach for most Australians,” Jenman asserts, emphasising that many people can no longer afford to enter the housing market.
With skyrocketing prices, homeownership is becoming a distant dream for a growing number of Australians.
Listen Below
Topic time in podcast and video: 16:07 – 18:25
Not Helping The Crisis : The Role of Immigration
During the discussion, Les Elekes raises concerns about the impact of immigration on the housing market. He claims that Australia’s growing population, driven by high levels of immigration, is worsening the housing shortage.
“There are too many immigrants and not enough housing,” Elekes argues, highlighting the increasing pressure on Australia’s already strained housing supply.
This influx of people has contributed to the demand for housing, further driving up prices and limiting availability.
Fixing the Housing Crisis
To address the housing crisis, Neil Jenman proposes a Royal Commission to investigate local councils and their role in delaying property development. He argues that corruption and inefficiencies within local councils are a significant part of the problem.
“Local councils are part of the problem,” he says, explaining that the long delays and bureaucratic red tape involved in property development contribute to the housing shortage.
According to Jenman, these obstacles are making it harder to build new homes, further exacerbating the crisis.
By investigating the root causes and holding those responsible accountable, Jenman believes that Australia can begin to tackle its housing affordability issues. From rising property prices to immigration and local council inefficiencies, the conversation highlights the complex nature of the crisis. It’s clear that without addressing these underlying factors, Australia’s housing market will remain out of reach for many. To hear more of Jenman’s insights into the housing crisis, tune in to this episode of The Court Of Public Opinion with Jeremy Cordeaux.
Topic time in podcast and video: 16:07 – 18:25
