Australia’s Housing Crisis Is Not New
The housing crisis we are currently experiencing here in Australia, with rents going through the roof and a shortage of rental stocks, seems to be something terrible and uncharacteristic of the nation but it isn’t. Australia’s housing crisis is not new, in fact, it is a well-trodden path that we appear to traverse quite regularly. History tells us that housing has been a persistent problem upon our fatal shores for as long as white settlement has been around. There have been peaks and troughs but a shortage of housing stock has been the constant over hundreds of years. Therefore, the federal government’s identification of the cause may not be reason enough to hold out hope for any quick solution to this perennial issue.
Economics Fresh
