Coming Up Mon 9:00 PM  AEST
Coming Up Live in 
Live
Punjabi radio
SBS PUNJABI

What impact will housing have on the election result?

Source: AAP

The Great Australian Dream of owning a house has become one of the major arguments of this federal election. But, with house prices rising 20 percent in the past 12 months, will either policy make a difference?

Housing has become a key theme of the 2022 federal election. Both major parties are pitching policies aimed at helping people into the property market, with a lower deposit.

Economist and Associate Professor Ben Phillips, from the Australian National University, says neither party offers enough places to make a real change.

In total, there are 60,000 places, but they're more than three million renters in Australia.

"I think it is really just working at the margins. So it will likely have a very small impact on housing affordability in Australia, a nice thing for those lucky enough to get into the scheme, but most people won't be lucky enough to get into the scheme or it wont be suitable."

The flip side of that is the numbers are so low, that neither policy is likely to push up house prices.

"They're might be some upwards pressure, but it's likely to be quite minimal. It is a very small scheme, so I can't see it having too much impact on house prices."

Listen to SBS Punjabi Monday to Friday at 9 pm. Follow us on Facebook and Twitter.

Coming up next

# TITLE RELEASED TIME MORE
What impact will housing have on the election result? 16/05/2022 06:26 ...
SBS Punjabi Australia News: Friday 1 July 2022 01/07/2022 10:50 ...
Here's how major visa and immigration changes will impact skilled migrants, international students from 1 July 01/07/2022 11:04 ...
Census reflects the shifting shape of multicultural Australia 01/07/2022 04:50 ...
SBS Punjabi Australia News: Thursday 30 June 2022 30/06/2022 11:45 ...
Punjabi actress Mandy Takhar shares what kept her connected to her roots 30/06/2022 06:59 ...
‘Don't let online fame compromise your ethics', says this Punjabi vlogger 30/06/2022 14:36 ...
SBS Punjabi Australia News: Wednesday 29 June 2022 30/06/2022 10:00 ...
Australia's becoming more diverse: Census 2021 29/06/2022 06:30 ...
Crossbench anger as government trims parliamentary staffers 29/06/2022 05:52 ...
View More