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housing prices

7.30 Report bias and omission on Australia's population and housing crisis

On the nights of February 11, 12 and 13, 2020, the ABC has shown three related 15 minute pieces in its 7.30 Reports, on the subject of housing. These segments have stressed the cost of housing and the gulf that exists between those who are able to afford or who own their house, comparing the situation of people who cannot afford a house, and who are thus obliged to rent. These programs have, however, completely failed to talk about Australia's extremely rapid population growth, which now requires the construction of the equivalent of a Canberra every year, [corrected 15.2.20] just to preserve the ratio of housing supply to housing demand. Most flagrant omission of all, the ABC says nothing at all about the fact that this is intentional government policy. We publish a letter of complaint which was sent to the ABC on this matter.

Birrell, Healey: Immigration and the Housing Affordability Crisis in Sydney and Melbourne, July 2018

House prices are higher in Sydney and Melbourne than in almost all other developed-nation cities with the result that most young households cannot afford to buy a detached house. Why? Part of the explanation is a combination of generous tax benefits to investors and upgrading home owners. This has prompted massive investment in dwellings, but mostly in established detached housing. This investment drives up prices without adding to supply. New research report, 3 July 2018Bob Birrell and Ernest Healy, Immigration and the Housing Affordability Crisis in Sydney and Melbourne

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