Australia's housing failure
Australian cities are being hobbled by a housing market that doesn’t give people the housing they want or need. In this edited extract, the authors of City Limits: Why Australia’s cities are broken and how we can fix them analyse the results of research conducted by the Grattan Institute into people’s housing preferences given real-life constraints.
Detached housing represents more than two-thirds of all homes built, yet less than half of prospective home buyers would choose it given real-life budget constraints.