Housing to remain a major issue for voters during the campaign

ABC NEWS (Australia)

The ABC is hearing from people across Australia about the issues that matter to them this election campaign. Housing is firmly in the spotlight after both major parties announced significant policy details, yesterday.

Transcript

00:00Phil, what are the big issues that are informing your vote in the lead up to this election?

00:06I think housing security and being able to settle in an area for 10, 15, 20 years is

00:16definitely something I'd like to be able to look forward to and not have the constant

00:23worry about having to move if where I'm living is going to be sold or if say there's a rent

00:29increase that makes it not viable to live in anymore but I think that that general anxiety

00:39around housing I think is a kind of an underestimated and under appreciated aspect of the housing

00:49discussion by both political parties.

00:51And so we've seen some pretty big announcements in the housing space from both of the major

00:56parties in the recent weeks in the lead up to the May 3rd vote.

00:59Have either of those policy announcements influenced your vote at all?

01:03They both look like they are looking to subsidise demand and add even more inflationary pressure

01:09on housing whereas I think a lot of people that you speak to, at least in my personal

01:14life, they don't really see themselves being able to purchase a house unless there is some

01:20significant deflationary pressure on housing so like actual housing prices coming down not

01:26just increasing exponentially without any kind of disruption.

01:31And I think that's something that both parties or both major political parties don't want

01:36to talk about is the fact that unless there is some kind of deflationary pressure that it's

01:41just not going to be something that a lot of people are going to be able to attain.

01:45Housing ownership is not something people are going to be able to attain.

01:48When it's just you and your partner or your wife or whatever that's one thing but when

01:51you have a child that prospect seems again like a lot more kind of causes some level

02:00of pessimism which is not actually obviously something you want to be, not an outlook you

02:06want to have when you're about to have a kid.

02:09So yeah it's something like I'd like to have, it's an area where I think I'd like to have

02:14a lot more, be a lot more optimistic about but unfortunately I don't think the policies

02:19that are being offered or the solutions that are being proposed are going to actually address

02:23that, not only that material aspect of being able to actually afford the home but also the

02:29emotional aspect.

02:30I think a lot of people feel like they're kind of just like left on their own to deal with

02:34it and that there isn't a lot of, there isn't going to be a lot of assistance or a lot of help

02:38from government policy.

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