Morrison’s Hand-Out to Developers no Solution to Housing Affordability Crisis

housing[By Sue Bolton] The federal treasurer’s “solution” to the housing affordability crisis is to get state governments to relax restrictions on housing developers to increase supply. Scott Morrison told the industry’s peak body, the Urban Development Institute, on October 24 that “housing in Australia, especially in Sydney, Melbourne and Brisbane, is expensive and increasingly unaffordable, but that does not mean it is overvalued.” How can you have more affordable housing and keep prices up at the same time? The answer is you can’t do both. Continue reading