The Aussie Housing Market Just Changed For Everyone

If you have or are currently trying to buy property in Australia, you will know that the so-called 'Australian Dream' of owning your own home is more like a nightmare as prices continue to rise with seemingly no end in sight. But why is it that property values across the country are going through the roof despite all the uncertainty of the pandemic, and might there really be a 'good' time to buy on the horizon? The Quicky speaks to two young women hoping to buy their first home, and an economics expert to find out what has made Australian real estate some of the most expensive in the world, and why a recent change could finally make it more affordable. CREDITS  Host/Producer: Claire Murphy Executive Producer: Siobhán Moran-McFarlane Audio Producer: Ian Camilleri Guests: Peter Martin - Business and Economy Editor for The Conversation Australia, a Visiting Fellow at Australian National University's Crawford School of Public Policy, and Presenter of the ABC Radio National program The Economists Sydney - Trying to buy her first home by combining resources with her sister Maddie - Feeling overwhelmed by high house prices in the city Subscribe to The Quicky at... https://mamamia.com.au/the-quicky/ CONTACT US Got a topic you'd like us to cover? Send us an email at [email protected] Mamamia acknowledges the Traditional Owners of the Land we have recorded this podcast on, the Gadigal people of the Eora Nation. We pay our respects to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander cultures.Become a Mamamia subscriber: https://www.mamamia.com.au/subscribeSee omnystudio.com/listener for privacy information.