Scott Morrison calls on states to help ease property prices

Home ownership is widely considered to be every Australian's dream. But for many, it's becoming just that, a dream. The federal government has conceded that many Australians are struggling to buy their first home. Treasurer Scott Morrison says increasing the supply may help bring down house prices. And as Preeti McCarthy reports, Mr Morrison is blaming complex planning regulations for raising the prices.

Crowds gather outside an residential auction in Sydney’s inner west Source: AAP