The Greens’ Amanda Bresnan is getting a bit wide eyed and suggesting that housing costs which can only be serviced by double executive level incomes aren’t really “affordable”.
“The Government has this year referred to prices of $328 000 for a property or $400 per week for student accommodation as ‘affordable housing’, but for many these prices remain way out of the price range.
“This double-speak has made the affordable housing debate more difficult, and a clearer definition will allow us to look at the housing stress on a broader section of the community.
“There are some much more realistic definitions and measures of affordable housing, including the ‘30/40’ rule used by the Australian Housing and Urban Research Institute which looks at how many of the bottom 40% of income earners are paying more than 30% of income on housing.
We can only hope.