The Liberals’ Zed Seselja is jumping up and down about the HIA and Commonwealth Bank’s latest Housing Affordability Report which apparently rates the ACT as the least affordable jurisdiction (lacking as we do a rural hinterland):
- “Housing affordability has dropped 2.9% in the June 2009 quarter with first home buyers in the ACT having the highest loan repayments than any other region in the country. ($2,330 per month)
“For the last two quarters the ACT has been the least affordable jurisdiction for first home buyers. Only Sydney and the mining-rich areas of Western Australia even come close to Canberra’s un-affordability.
“Despite all the trumpeting of the Chief Minister, we continue to see first home buyers struggle to enter the market. This is as a result of flawed policies over many years including an unresponsive land release program, a flawed planning system, very high taxes and a deliberate stifling of competition.