🏠Housing affordability in Australia has hit a 3-decade low, making it difficult for many Australians to enter the property market.
🗺️The shortage of well-located land contributes to the high housing prices in Australia.
🌍Cultural demand for space and lifestyle preferences lead to a resistance towards high-density living, resulting in more spread-out cities.
🌐Immigration, particularly the large influx of international students, has increased housing demand and put pressure on rental accommodation.
💰Taxes, such as negative gearing, capital gains tax, stamp duty, and land tax, have been suggested as potential areas for reform in order to improve housing affordability.