Sharath Mahendran, a 21-year-old student in Sydney, sees little hope he could ever afford a home like his parents did in the 1990s - a free-standing house on a quarter-acre (1,000 square metre) block - in today's Australia.
"Now someone like me would need a lot of help from my parents and then it would still take more than 10 years to save from a decent job. And even with those savings, I probably wouldn't be able to live where I want to live. I'd live really far out."
Now, with the construction industry struggling amid elevated costs and decade-high interest rates - and migration surging after borders reopened - housing affordability has become a thorny political issue that could even spark an early election. Indeed, an August report by the New South Wales Productivity Commission showed building up in existing areas - closer to Sydney's central business district - would save up to A$75,000 in infrastructure-related costs per home.
"There are a lot of homeowners who believe in the movement, not necessarily out of self-interest because they've got kids, but also because they see the benefits to sustainability and liveability of having denser communities where you can actually walk to places," Simon said. "Doing that will be to the benefit of the society as a whole, not to the benefit of some particular landowners at the moment," Lowe told a parliamentary committee in August.
The Senate has not passed a government bill to fund more affordable housing, and if it rejects the bill it could give Albanese the trigger for an early election.
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