The interest rate is low, and the lack of supply of tax in favor of investors in Sydney, the price increased 140% in 15 years. The city has more than London and New York real estate market, to become the world's second most expensive. At the same time, Melbourne city is the world's most worth living for seven years was assessed by the Economist Intelligence Unit Value of sixth high have planets.
The homeownership rate decreased in the younger generation of water. Only age at about 2545% - 34 is to have their own house, in the 80s 16% reduction compared to. Half the level in the past ten years. Increased activity at this stage, the loan to buy a house, let the family in record debt. When more and more people retire has not repaid the loan to buy a house or rent, the government should be more for social welfare.
"Dream to buy a house in Australia's nightmare", Brandon Coates - expert evaluation of the real estate policy at the Grattan hospital, "this is the wrong policy consequences, at least 2 years to solve".
The Australian people are dissatisfied with the prices on the rise. Nearly 90% generations of people worry about the future cannot afford to buy a house in the survey, Australian National University. This is the pressure on the government.
One of the biggest reason is the tax policy, the real estate as a cheap and philistine financial asset. The first time to buy a house of people who complain that they cannot compete with investment because this group can be used the cost of owning a property tax revenue rented a decrease.
Attractive real estate investment tax difference acceleration from 1999, when half account, sell your house. So, when real estate prices continue to rise, investors will put money in here
More than 200 million people (one in Australia about 12) have a real estate investment. There are about two No. 30% back.
"More and more money in the real estate also means money in other ways but in decline, economic growth will decline, the average price in the comments of Paul Dales of Capital Economics - Australia's economic growth areas of the house has more than $100 million in Australia Sydney.
In May, the Australian government proposed solution package to improve the situation. However, this is only for foreign investors to buy a vacant house, and puts forward the preferential tax policies for the first person to buy a house.
The analysis thinks, Australia in the world, it is difficult to solve this problem. People under the age of 35, have a high income to buy a house of hope.
"Politicians just provide the solution, the surface may have a role in the short term, but in the long term," Judith Yates - University of Sydney commented, "they cause no serious effort to delay reasons".
Many of the world's city has taken measures to control the soaring price of houses. Singapore has been applied widely, only from the prohibition of loan interest rates, increased taxes to reduce the price, the company for three consecutive years in the Canadian House in Toronto, the price is reduced due to the series from the tax policy, the foreign buyers to control 15% apartments.
The pressure will increase, when demand in Australia's immigration policy to increase the population of nearly 40 thousand people, since 2006, mainly in the big city. The supply can not meet the more than ten years. Most of the new home is a small apartment for investors apartment, rather than family.
This also affects the average income of people into low, teachers, nurses do not have enough money to live in their community service. At the same time, young people and their parents at home, or even longer, delayed marriage and childbirth ask deposit to buy a house.
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