Senate debates and delays, as housing affordability worsens
New figures show housing affordability in Australia is now at its worst level on record. Interest rates remain high – property prices are still climbing – buying a house is simply beyond reach for many. This will be a major issue at the election. But during the week - Senators couldn't even hold a vote on Labor's latest measure – the Help to Buy scheme – which involves government co-ownership to help some into the market. The Greens and the Coalition teamed up to further delay a decision on the bill. Tempers flared – with Labor rounding on the Greens – and all sides blaming each other for the worsening housing crisis.
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