Video Description

It’s the political issue Australia’s politicians need to solve before it’s too late: housing affordability. A single average income was once enough to buy a home, raise a family and even paid off an investment property. Certainly not anymore. That nostalgic time is over, with housing affordability only getting worse. For younger Australians, even dual income couples on good wages, home ownership is increasingly becoming an unattainable dream. Other than perhaps with a stifling mortgage that leaves the borrowers under never-ending financial pressure. Despite a stream of supposed policy fixes, including Albo’s new home owners deposit scheme which even he admits will drive prices higher, the situation keeps getting worse. Full story: https://www.dailymail.co.uk/news/article-15154507/Australia-housing-crisis-VAN-ONSELEN-Albanese-mortgage.html Daily Mail Homepage: https://www.dailymail.co.uk/auhome Daily Mail Facebook: https://www.facebook.com/DailyMailAust Daily Mail IG: https://www.instagram.com/dailymailau Daily Mail TikTok: https://www.tiktok.com/@dailymailau Daily Mail Snap: https://www.snapchat.com/discover/Daily-Mail/8392137033 Daily Mail Twitter: https://twitter.com/dailymailau Daily Mail WhatsApp: https://whatsapp.com/channel/0029VaFpYbd2Jl88LRFU9L0O #australia #news #dailymail #housingmarket #costofliving