In this feature explainer, Simon Kuestenmacher argues that housing affordability is a complex network of measures and should be considered from at least three perspectives:
Housing affordability is one of those phrases everyone uses but few people define.
Politicians across parties agree that housing should be more affordable. Let’s figure out what that means.
Housing affordability isn’t one problem but three hurdles. You must save the deposit, qualify for the loan and service the mortgage. If one hurdle is out of reach, home ownership remains out of reach.