Government report confirms housing affordability getting worse under Scott Morrison

A Morrison-Joyce Government report has today confirmed that the housing crisis is getting worse under Scott Morrison.

The National Housing and Finance Investment Corporation’s State of the Nation report revealed that “affordability for renters and first home buyers deteriorated across most cities and regions in 2021”.

This will not shock many Australians, and it should not shock this Government.

Housing affordability is one of the biggest issues facing Australia and the Morrison-Joyce Government have put their head in the sand.

The State of the Nation report also revealed that the housing crisis is hitting regional Australia the hardest. Regional dwelling prices grew an average of 26 per cent, significantly more than capital cities which grew 21 per cent.

According to the Domain House Price report, many regional areas have been hit even harder:

  • 47.1 per cent in Wamberal on the Central Coast of New South Wales;
  • 45.2 per cent in Terrigal on the Central Coast of New South Wales;
  • 35.7 per cent in Kiama on the South Coast of New South Wales;
  • 34.5 per cent in Torquay, Victoria;
  • 33.3 per cent in Cessnock in the Hunter region of New South Wales;
  • 40.3 per cent in Launceston, Tasmania;
  • 30.4 per cent in Burnie, Tasmania.

We have a housing crisis in Australia.  It’s harder to buy than ever before, it’s harder to rent than ever before and there are more homeless Aussies than ever before.

Australians deserve a government that recognises this and is prepared to do something about it.