Living standards in Australia have been pushed down more than in any comparable country over the last three years, the economy has been in a per capita recession for two years, and households are among the most indebted in the world.
Millions of households are struggling to pay rising rents and
mortgage repayments, while profits soar for the banks and wealthy
landlords. Here are five things we could do to fix the housing crisis
now.
Australia’s richest 200 people now own $625 billion in personal wealth, equal to nearly one-quarter of the national economy—a threefold jump from 8 percent twenty years ago.
