Finance & Fury Podcast

Welcome to Say What Wednesday! Today’s question is about Labor’s plans to help with housing affordability. To answer that properly, I will spend today going through some underlying factors impacting Australia’s property market, and what affects housing affordability and how it works in the long term. I will actually answer the question about Labor’s proposed policy on Friday. At the end I’ll run through what is probably one of the only ways to lower property prices sustainably in the future – IMO anyway. The History of Australia's Property Market Yes, a dry topic but stick with me, it’s worthwhile understanding what’s been going with property over the last 20 years or so. The Big Three Population size and growth 1901 at Federation, we had a population of about 4 million - High growth from the gold rushes up until then Population now – 25,122,747 Growth of 6 ¼ times over 100 years America – from 77 m in about 1900, to 326 m now which is growth of around 4 times Why has our population grown by so much? Gr