While Australia's home ownership rate reached a peak of 73% in 1966, a significant deterioration in housing affordability over the last thirty years is driving increasing inequality, falling home ownership and could threaten social cohesion if it persists. AMP’s Chief Economist, Dr. Shane Oliver looks at why encouraging decentralisation, boosting supply and tax reform could be the key to improving housing affordability.
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This podcast is general in nature and hasn’t taken your circumstances into account. It’s important you consider your personal circumstances and speak to a financial adviser before deciding what’s right for you. Any general tax information provided is intended as a guide only. Remember the value of investments may go up or down and you may not get back the amount you invested. The opinions and views featured in this podcast reflect the individual’s own. Date of publication 24 May 2023. AWM Services Pty Ltd ABN 15 139 353 496, AFSL No. 366121, part of the AMP Group.