Australia Housing Crisis Election

This is a Australia news story, published by BBC, that relates primarily to Covid news.

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average Sydney home

BBC

•

World

Australian house prices: Why are they so high?

Summary

Nutrition label

79% Informative

Australia has not been building enough homes to meet the demands of its rapidly growing population.

The average Sydney home costs almost A$ 1.2m ( 570,294 , $ 742,026 ) Across the nation's capital cities, the combined average house price sits at just over A$900,000 .

The rental market has provided little relief, with rents increasing by 36.1% nationally since the onset of Covid - an equivalent rise of A$ 171 per week.

A 2025 State of the Land report by the Urban Development Institute of Australia says the federal government will fail to meet its target of 1.2 million new homes by 2029 .

The Coalition's focus on reducing immigration will only make housing marginally cheaper while making Australia poorer in the long-term.

Decades of underinvestment in social housing also means demand in that area is massively outstripping supply.

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive