Mr Albanese, what are you doing? The median house price in Sydney is forecast to jump by another 7 per cent in 2025

"House prices to rise in 2025: Fitch

After contracting in the last quarter of 2024 and then growing in the first quarter of 2025, Fitch Ratings predicted home prices to continue rising in 2025 thanks to limited housing supply, falling interest rates, and high net migration in the previous two years.

The median house price in Sydney is forecast to jump by another 7 per cent in 2025-26, to $1.83 million by June 2026, according to Domain's latest Price Forecast Report.

It means the typical house price in Sydney will rise by $112,000, which is more than the average full-time worker earns before tax ($103,000).

The next decision on interest rates will be made by the Reserve Bank's monetary policy board on July 8."

ref: https://www.abc.net.au/news/2025-06-25/mortgage-arrears-rise-from-record-low-but-experts-arent-worried/105453714

Anthony Albanese's housing affordability scheme is obviously not making a home affordable!
There is only one fix for the housing situation Australia has, and that's to reform investment property taxes, such as CGT and negative gearing.
Doing this will deflate property prices and allow young families to afford a home. It will also provide much need tax for government to fix public infrastructure, public hospitals, roads, etc.
Due to stupid governing in Australia, our standards are degrading, it's a sad and stupid state of affairs.