High-priced homes have broken the intergenerational bargain

Danielle Wood, head of the Productivity Commission, warned that a dysfunctional housing market is frustrating young Australians' hopes for stable jobs and families. She noted that property prices have surged three times faster than wages since 1997, leading to lower home ownership rates among young adults. Changes to tax policies are expected to have a limited impact on the market.

Summary by OZbrief Editorial · SMH · Source