Australia, a land of sweeping plains, has one of the lowest population densities on the planet. So, how did we end up with a housing shortage?
In conversation with economist and author Richard Holden, veteran finance journalist Alan Kohler’s new Quarterly Essay, The Great Divide: Australia’s Housing Crisis and How to Fix It, investigates where things went wrong at the start of the 21st century with escalating property prices leading to a rental crisis, a dearth of public housing and a mortgage crunch.
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