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.

New figures out on Monday show that the median house values in Sydney, Canberra and Brisbane have become, well, kind of insane. They&rsquo;re the kind of figures that make people who&rsquo;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&rsquo;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.

The Morning Edition (formerly Please Explain) brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

The Morning Edition (formerly Please Explain) brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

The Morning Edition

The Morning Edition brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

The Morning Edition brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

Will ‘gentle density’ help fix our housing stupidity? 

https://api.omny.fm/orgs/88b564ea-a9a6-4751-910a-a5d800019396/clips/6ccf09d7-e4a5-45ff-b588-b3a7005aefb0/transcript

Advertisement