The prospect of owning a home in the foreseeable future is out of reach for many young people.

Sweta's housing problems highlight growing concerns about the responsibility of property owners and agents and Melbourne’s rental market.

This would increase demand for rentals in the city and reduce the supply of owner-occupier properties in the regions, worsening the affordability of both.

Go8 Chief Executive Vicki Thomson observed that these supply issues cannot be solved overnight and regardless of international student intake, Australia would still be facing a housing crisis. 

The good news is we’ve found a mix that could work well.

Before COVID about 50,000 new dwellings were completed per quarter. Since then, completions have rarely exceeded 45,000.

One of the aims of Australia’s latest National Housing and Homelessness Agreement is to encourage “security of tenure in the private rental market”.

While rising interest rates might make your mortgage climb, it also means high interest on your savings.

Economists have a terrible track record when it comes to predicting recessions.

For individual Australians, it was even worse – growth per head went backward, in what some economists call a “per capita recession”.