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In this ABC News interview, Max Chandler-Mather explains the Greens’ position on the Government’s $10 billion Housing Australia Future Fund, and references recent AHURI research into Commonwealth Rent Assistance. 

Rising housing costs are taking a significant toll on younger Australians, while baby boomers remain relatively unscathed from the surge in the cost of living. This article in The Property Tribune features AHURI research which found that those aged under 25 are three times more likely to experience housing stress compared to those aged

In the past 12 months, rents surged at a record-breaking pace of 14.6% for houses and by 17.6% for units, as vacancies plummeted to a record low. The sharp rise in house prices during the pandemic has also priced out many aspiring homeowners and forced them to rent for longer.

Last year renters endured the fastest price growth on record, with the nation’s median rent rising 10.2% to $555 a week, according to a recent report from property analysts CoreLogic. After unprecedented growth there are signs rents are beginning to ease, but many experts predict prices will stay high for a while.

Queensland and Victoria have no plans to replace stamp duty with a New South Wales-style annual tax, despite experts saying that a change in policy would help more young people purchase their own homes sooner.