The bank of taxpayers? Fresh idea to fix Australia’s housing affordability crisis

Grattan says taxpayers need to step in to help address the housing affordability crisis. Photo: TND

A growing number of Australians priced out of the housing market face poverty in retirement unless the federal government takes urgent action to improve home ownership rates.

That’s the latest from think tank the Grattan Institute, whose new report calls for the federal government to step in as a co-investor for low-income buyers in the housing market.