October 25, 2012

Something has gone badly wrong in the housing affordability debate in Australia, even as our cities continue to break new records for extreme housing stress. The conventional wisdom has the definition of ‘affordable’ resting on cheap land at the far periphery of our great cities. Even if this wasn’t wiping out extensive tracts of urban bushland and peri-urban farming country at an accelerating rate, the fact that sandlots far over the horizon are the only places that even vaguely fit the definition of ‘affordable’ show how dysfunctional the Australian housing market has become.