Will Australia's Housing Crisis Ever Get Better?

Australia is in the worst housing crisis in its history.

With record-high house prices that show no sign of slowing, interest rates that are at its 12-year high, a surging population and the rate of new houses being built at a 10-year low - it's a grim time to be a first home buyer in Australia.

Although it may not feel like it, Australia's housing crisis has not come out of nowhere. Come with me as we explore the systemic and long-standing issues with Australia's housing, how Australia ended up in the worst housing crisis of its time and where the crisis is likely headed from here on.

Whether you're from Australia or abroad, let me know in the comments what your experiences have been in the housing market and where you think the market is headed.

The statistics and data shown in this video have been sourced from the Australian Bureau of Statistics, Corelogic and SQM Research.

Opinions expressed are solely my own.

This video is intended to be general in nature and is for educational and entertainment purposes only. Money Maestro does not provide tax or investment advice. Before acting on any information, you should consider the appropriateness of the information provided and the nature of the relevant financial product having regard to your objectives, financial situation and needs. In particular, you should seek independent financial, legal or tax advice.

00:00 Worst Time In Australian Housing History
00:56 Fundamental Issues With Australia's Housing Affordability
02:04 Historical Issue - Undersupply
04:39 Historical Issue - Resilient Demand
07:00 COVID-19 Years
09:16 Post-Pandemic Issues
11:59 Is Australia Doomed?
14:46 Conclusion

[actualfacts]

Correction, capital gains tax was after inflation was taken into account, that was replaced by the 50 percent discount.

[actualfacts]

Building companies are flat out now, they can't build any faster.

[actualfacts]

Rental property owners have children remember, they will inherit those homes.