ABC news reports; "Home prices reach record highs as rate cuts expected to fuel growth"
What is the government's plan for affordable homes? because our wages are not keeping up with home prices, which to me feels like the worst kind of inflation, the really expensive kind! Making it easier to get a massive loan is not an affordable house, it's a huge debt and possibly the catalyst for a very stressful situation if things go belly up.
When News Corp have control of most of the media in Australia and are also the majority share holder of the REA Group (realestate.com.au), this rings alarm bells for me.
There's pressure on the RBA to cut rates, it's in all the media, which will only fuel house prices as it did prior in 2022-23.
I'd like to ask our PM, what's the plan for future Australians? are they not as entitled as their predecessors? Will this Labor government continue to prop up the investment property market, should they legally be allowed to?
ref: https://www.abc.net.au/news/2025-07-01/home-values-hit-record-highs-june-property-prices/105477426