Liberal Coalition Housing Policy Applauded
Friday, 20 August 2010, 3:39 pm
Press Release: Hugh Pavletich
The Australian Liberal Coalition Housing Policy released today, is a significant first step, in dealing with the real structural problems currently denying Australians their right to the opportunity of affordable owned and rental housing.
As the Annual Demographia International Housing Affordability Surveys illustrate year after year, Australia has the worst housing affordability problem, when compared with New Zealand, the United Kingdom, Ireland, Canada and the United States.
This year’s Survey released late January (data 3rd quarter 2009) found that in the major cities, Australians were forced to pay 6.8 times their gross annual household income to house themselves.
The situation has worsened since then.
Following Australia’s 2007 Federal election, the Sydney Morning Herald commissioned Fitch Ratings Research to examine why the then Liberal led Government failed and Labor won.