25 years into a new century and housing is less affordable than ever

Of all the problems facing Australia today, few have worsened so rapidly in the past 25 years as housing affordability.

Housing has become more and more expensive – to rent or buy – and home ownership continues to fall among poorer Australians of all ages.

Housing makes up most of Australia’s wealth, so more expensive homes concentrated in fewer hands means growing wealth inequality, with a marked generational divide.