As industry executives, economists and investors started to take their seats at The Australian Financial Review Property Summit last Monday, a deal was brewing in Canberra.
By the afternoon, the Greens said they would support the government’s $10 billion Housing Australia Future Fund bill.
After months of negotiations this was a breakthrough for social and affordable housing.
Together with the federal government’s target of building 1.2 million new homes in the next five years, it signals that for the first time in decades, housing supply is at the top of the agenda.
But while there is a will to find solutions for the housing crisis, the way to do that is far from clear. And in the meantime, a new cohort of voters is being mobilised.
This week on The Fin podcast, property editor Nick Lenaghan talks about the great divide in Australian housing, what the government and industry need to do to fix the supply problem, and those explosive comments that made the Summit news around the world. And political editor Phillip Coorey on why housing will be front and centre at the next election.
Explore the big issues in business, markets and politics with the journalists who know the inside story. New episodes of The Fin are published every Thursday.
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