Oct
23
Unaffordable Australian Housing in Government Sights, Morrison Says
By
Scott Morrison.
Photographer: Mark Graham/Bloomberg
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Lack of land supply in big cities is pushing up housing prices
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Dwelling prices in Sydney have almost doubled since 2008
Australian states need to remove or simplify residential land planning regulations that have made homes “increasingly unaffordable” in the nation’s biggest cities, Treasurer Scott Morrison said.
Insufficient land releases and complex development regulations must be addressed, Morrison said in the text of a speech being given in Sydney Monday. He’ll use a December meeting with his state counterparts to urge a freeing up of housing supply, an issue which will be a key focus of Prime Minister Malcolm Turnbull’s government, he said…
Unaffordable Australian Housing in Government Sights, Morrison Says
