Report after report demonstrates the decline in housing affordability across the country, so much so that some in the housing sector are calling the situation ‘a national tragedy’ and a ‘social catastrophe’.

The Turnbull Government must respond to the issue of declining housing affordability, show some national leadership and work with the states and territories to level the playing field so that first home buyers and those on moderate incomes do not become permanently locked out from the great Australian dream of home ownership.

The Australian Population Research Institute’s report No End in Sight has called for an urgent re-thinking of tax settings to address the ‘social catastrophe’ of the current housing market with record housing prices.

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