Housing crisis to take a generation to fix
NAB has warned Australia's housing crisis will take a generation to resolve, as the government's flagship home building program falls significantly behind its target of 1.2 million homes over five years. Housing Minister Clare O'Neil announced an additional $145 million for crisis accommodation but did not dispute the bank's prediction. The forecast has drawn criticism from real estate agents who claim it further erodes confidence among young prospective homebuyers struggling to enter the property market.See omnystudio.com/listener for privacy information.
The skinny
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