Live: Are you priced out of a home? Australians share their stories
Join our live blog to share your stories, experiences and questions about Australia's tight housing market and affordability pressures.
Australians are facing difficulties in the housing market, whether it's finding an affordable rental or managing mortgage repayments. Tom Alves from the Australian Housing and Urban Research Institute and Cotality's Gerard Burg will answer your questions on this issue. Recent data shows a 0.7% decline in property prices in July, the largest monthly decline since December 2022.
While similar housing crises exist in other countries like Canada and Ireland, Australia's situation is unique due to factors such as demand outpacing supply, regulatory challenges, and taxes. The federal government's 5% Deposit Scheme has helped some first home buyers, but high property prices still make saving challenging.
Written by urgent.news from ABC News AU's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
