Why are they so high?

Purchase either rental home became inaccessible For the average Australian, due to the perfect storm of astronomical housing prices, a tireless increase in rent and lack of social housing.

As long as the federal election remains among the main issues for voters, and the two main parties of the country – two major parties of the country – two main parties of the country – Labor Party and Liberal-National Coalition – Both pledged to fight the crisis in different ways.

Australians are already fighting in the cost of life and attraction to the consequences of the global tariff war. And you still have to find out if one party will shake the voters with their promises to restore the Australian dream.

Simply put, Australia does not build enough houses to meet the demands of the rapid population, creating a deficit that makes any available home more expensive for buying or renting.

Drawing up this issue is the laws on the restrictive planning of Australia, which hinder the construction of houses where most people want to live, for example, in major cities.

Blogan means that popular metropolitan areas such as Melbourne and Sydney, much less dense than city cities in size around the world.

The constant decline of public housing and expectation lists has deteriorated, thrown people into homelessness or crowded living conditions.

Climate change has also made many areas more inanimate, with natural disasters such as shrubs and strong thunderstorms, destroying large properties.

Meanwhile, decades of government policy had commercialized property property. Thus, the ideal of possession of the house, which was once seen as a right in Australia, turned into investment opportunities.

In short: it depends on where you live.

Currently, Sydney is the second smallest available city in the world that has bought real estate, according to an international housing poll of 2023.

The latest data from Corelogic Property Analytics show that the average home in Sydney costs almost $ 1.2 million (570 294 pounds, $ 742 026).

In the cities of the country’s capital, the joint average cost of the house is just over $ 900,000.

Housing prices in Australia have also jumped by 39.1% over the last five years – and wages have not lagged behind.

Now you will need an average future home owner of about 10 years to retain a 20% deposit that is usually required to buy an average home, the 2024 state system said.

The lease market has provided little relief, and the rent increased by 36.1% at the national level since the start of COVID – equivalent to $ 171 per week.

According to the latest Corelogic rental review, Sydney headed the average weekly $ 773. Perth took second place with an average rent for $ 695 a week, followed by $ 667 a week.

Immigration and foreign property purchases are often called the causes of Australia’s housing crisis. But experts say they are not significant depositors statistically.

According to Michael Fotoringham, many people who move to Australia are temporary migrants such as foreign students who live in specialized student housing, and not enter the housing market, Michael Fototingham.

“The influence (migrants) on the housing market is not as deep as some commentators suggested,” says Mr. Fototingem.

Meanwhile, foreign procurement houses is a “very small problem” that has no significant influence on housing deformation, says Brendan Couts from the Gratan Institute’s State Policy Center.

The latest data published by Australian taxation support this, and the homes purchased by foreign buyers in 2022-23 represent less than one percent of all sales.

“It is already very difficult to buy homes in accordance with the existing rules of foreign investment. They are subject to a wide range of taxes, especially in some states,” Mr. Couts explains.

Works and coalition promised to invest in the construction of more houses – workers 1.2 million by 2029 offer 1.2 million, and the coalition promised to unlock 500,000.

The works have announced an investment plan of $ 33 billion in its latest budget, which is undertaken to help the buyers’ home for the first time to buy real estate with smaller deposits through loans of total capital.

They also promised to create more social housing and subsidies that help low -revenue earnings and rent more affordable.

The main thing in the policy of accessibility of housing coalition-migration, reducing the number of foreign students and the introduction of a two-year ban on foreign investments in existing real estate.

In addition, they promised an increase in 5 billion infrastructure to support local councils, paying for water, electricity and sewerage on housing development.

The greenery policy, meanwhile, has focused on the facilitating pressure on tenants, calling for national freezing and caps.

They also stated that in the case of a minority government, they would push tax benefits for investors.

In short, the experts say that while both the Labor and Coalition policy are the steps in the right direction, none of them is sufficient to solve the housing problem.

“The combination of the platforms of both sides will be better than what we see on both sides individually,” – says BBC G -n Couts.

In 2025, reports on land of the Australian Institute of City Development stated that by 2029 the federal government will not be able to reach a goal of 1.2 million new houses by 2029 – almost 400,000.

According to Mr. Kouts, the focus of the coalition on reducing immigration will only make housing only cheaper, making Australia the poor in the long run.

He explains that the reduction of migration will mean less skilled migrants, and the loss of profit from these migrants will increase taxes for Australians.

According to Mr. Fotoringham, decades of insufficient social dwelling also means that demand in this area is massively exceeding the supply – which in 4% of the housing stock is much lower than in many other countries.

There is also a concern for grants for the first home buyers that increase prices further.

Pointing to the fact that these problems are finally treated seriously, Mr. Fotrotingham believes that it will take years to pull Australia out of the housing crisis, which has been built for decades.

“We bring a lot of time to this nation,” he says. “(Now) the nation is paying attention, the political class is paying attention.”

Additional reporting and video Kellie Highet in Sydney