Kim Carr Victoria, Australian Labor Party, Shadow Minister for Housing and Urban Development
2:46 pm
Mr President, I ask a supplementary question. If the government is doing such a great job on housing, why is it that house prices are now equivalent to six to nine times annual household income, as opposed to three times annual income some 10 years ago? Why hasn’t the government done anything to address the fundamental problems in the Australian housing market or to improve affordability for average Australians? Why won’t the government develop a national housing strategy to address these problems?
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