You are here

housing prices

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

Subscribe to RSS - housing prices