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The supply of rental accommodation is extremely important especially to people from the most vulnerable and financially disadvantaged backgrounds. Most countries have some form of residential property investment yet they don't have the affordability problems that we're having. So no, I don't...

If I had to list some reasons I think property prices are so high property investment wouldn't be amongst them. I think the reasons property prices are high are; -Not enough land is released -Development is a slow process because of councils -People complain about urban sprawl -People...

But affordable housing is an issue for all people whether they are single without children, single with children, a couple without children or a couple with children. To say that housing is affordable because a couple with dual incomes can afford it when a single person or a single parent can't...

If the median house price has increased at a more rapid rate than the median household income then obviously median income households have two options: 1) Live in lower end housing 2) Take on more debt But if the median income earners are living in the low cost housing then where are the...

There are a lots of different ways to measure it. I'm not sure of all of them but there are two I've read about. One is to look at how many multiples of the average yearly household income the average house price is. So if the average household income is $100,000 and the average house price...

What exactly are you saying? That 45% of young people being unemployed in Spain (and something like 20% of the overall population) isn't an important issue because 20% of young people in Australia were unemployed in 1992? That it isn't something I should think about? Lets just ignoreeee every...

I didn't say improving housing affordability = crashing the market. I really want to make it clear that I DO NOT WANT THE MARKET TO CRASH. That would be awful! So many Australians who will be retiring soon have their entire worths tied up in their homes! I'm really scared there will be a...

Maybe if they halve in price lol. I'm not paying $300k to live in Cranbourne! Personally I wouldn't want to live in the mortgage belt areas. I think they're great for young families who need a lot of space, especially if you work in the suburbs. But I'm single, what they hell am I going to do...

I know. Obviously no CG isn't realistic. I was just answering the question. Of course houses in scarce locations should have capital growth (e.g. close to beach and city) and over time areas become relatively closer to the city as people build further out. But it isn't just those...

I guess if someone said to me...I'll sell you a $300,000 unit at a 45% discount (lets just assume housing is 45% over priced because of the capital growth expectation) for $165,000 but the catch is the value will only increase in line with inflation...I'd take it! Some people just want...

What? $75? :O That isn't bad..I thought building a house would cost at least $200,000?

Aww Ikea houses http://www.boklok.com/ Maybe they would make things cheaper?..they look better than the fugly houses in the mortgage belt areas too hehe

I LOVE DIY!!! lol But my friend does tiling and I asked about DIY after watching YouTube videos and he is so against me attempting to do it myself that he has offered to tile anything for me for free. I'd pay him though, I'm not that cheap. He said he gets a lot of calls to fix DIY jobs and...

It's so odd that you all acknowledge how difficult it was years ago..and now housing does cost more, food does cost more, energy does cost more..everything costs more in REAL terms and takes up a much higher percentage of people's incomes..how can you argue that it's the same as it's always been?

These are the types of solutions I was hoping people would discuss (and I wish the government would discuss)! There have to be ways to make housing more affordable that don't disadvantage property investors. I wasn't suggesting the "rules" are changed to hurt investors! (unfortunately the longer...

If they're earning $35k per year then 61% of that person's income goes towards paying a mortgage!!! What if interest rates go up? What if there's an emergency e.g. being fired or getting sick? I really admire anyone who can live off the budget above..but to argue that it's an example of...

Ahhh..now I understand why everyone here is having trouble discussing this issue!

I appreciate the advice. But, I really did start this topic for a discussion on improving housing affordability in general - not housing affordability for myself. Even if you don't agree that there is a "crisis" for all Australians, there is research showing that there are Australians...

But what would the average income of the typical tenants of the above properties be? Just because those rents might sound affordable to you it doesn't actually make them affordable to the tenants if that makes sense?

I don't think I have a sense of entitlement or high expectations. I expect my first home (rent or own) to be a small apartment or unit and I'll probably share with someone. I'd like something clean and within a reasonable distance to the city (say less than 45 minutes by public transport) as...