Dick Smith – The Aussie Housing Affordability Crisis

I have just read Dick Smith’s publication “The Aussie Housing Affordability Crisis” at @dicksmithfairgo.

I applaud Dick Smith for taking a stand on the housing affordability issues that many people face.

As expected I do not agree with all Dick Smith’s comments and proposals.

Whilst I agree that population pressure is causing above cycle house price growth in Sydney and Melbourne. I also feel that even if you stop immigration, you are doing nothing to stop the movement of young productive adults from regional areas to the major cities (especially Sydney and Melbourne).

And as such there will be continued strong demand for housing in Sydney and Melbourne continuing to push house prices up in those two cities whilst our once strong regional areas continue to decline.

So any solution to fix the housing affordability issues in Sydney and Melbourne, needs to include regional job creation strategies to get both our young productive adults to stay in regional areas, and if necessary, support any overseas migration we have.

I have sent Dick Smith my views and comments and looking forward to further dialogue

Click here or on the image below to read the report yourself

dick smith

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