Affordability the key factor
A RECENT poll showed housing affordability was one of the most important issues for all Australians.
Home ownership is declining after three decades of stable levels and first-home buyers are finding it increasingly difficult to enter the market, despite the interest rate cuts, due to the removal of the standard First Home Owners Grant in Queensland.
Of course, housing is a complex issue, with a number of economic, social and infrastructure factors determining affordability, but the REIQ and REIA want to see the major parties commit to taking a leadership role in developing a coordinated and strategic approach to housing, including complementary policies covering first- home buyers and taxation reform.
A recent Auspoll found housing to be the No. 1 issue amongst voters, and the recent Genworth Homebuyer Confidence Index found 70 per cent of non-property owners thought the Australian dream of home ownership was unrealistic.