r/sustainableaus • u/SAP_President • 1h ago
The housing Ponzi scheme is unravelling. We need to rapidly transition Australia's economy away from its heavy over-reliance upon property development and related real estate speculation. Thoughts? 🤔 👇
📰 Australia's property market enters downturn as prices fall for first time in three years | “We have a somewhat perfect storm of low affordability, low sentiment toward housing, a weakening economy with productivity growth terrible, reduced incentives to invest in housing, relatively high interest rates and high inflation that looks set to continue for some time." ⤵️ www.abc.net.au/news/2026-07-23/australia-housing-market-downturn-property-prices-decline/106939050
📣 See Sustainable Australia Party’s Housing and Rent Affordability policies here: www.sustainableaustralia.org.au/housing
#auspol #nswpol #housingcrisis #rentalcrisis