Housing afforability – The fallacy of planning, nimble pragmatism and two banks making sense
As parents, there is a clear awareness that our children, either as first home buyers, or even as upgraders when a family arrives, will struggle to afford existing housing. Nor is it clear they will be even able to buy new housing of almost any quality in a location convenient to their employment.
It is equally obvious for a nation that has the majority of its wealth in housing, this affordability problem is the flipside of retirement incomes policy and protecting the household wealth of the generations fortunate enough to already be secure in the housing market.