Jessta Roll

“Experts told the housing conference yesterday that Australia faced great social unrest and human suffering as well as chronic labour shortages without affordable housing.”

This story is a bit of an over exaggeration, some people might be choosing to skip  meals to pay rent but I don’t imagine they have to. It’s more likely they are skipping meals so they can continue to waste money on their car, or so they can have a night out drinking.

But the increase in housing prices is an obvious outcome of property becoming an investment instead of a home. The purchase of investment property decrease the availablity of property, which leads to an increase in price. The increase in price leads to higher rents.