New figures out on Monday show that the median house values in Sydney, Canberra and Brisbane have become, well, kind of insane. They’re the kind of figures that make people who’ve been desperately saving to break into the housing market tear at their hair by the roots.

But new research shows that allowing Australians to subdivide their properties could mean a million new homes being delivered in the nation’s five largest capital cities.

Today, senior economics correspondent Shane Wright, on whether this solution, which has eased price pressures in New Zealand, could be accepted here.