Politics
Newspoll shows divided opinions on rising house prices
Newspoll shows divided opinions on Australian house prices as government support raises expectations for market increase
Newspoll shows divided opinions on Australian house prices as government support raises expectations for market increase
– Newspoll reveals a divide among Australians on house prices, with 34% wanting increases and 30% preferring stability.
– The Albanese government plans to build 1.2 million homes by 2029 to address housing supply issues.
Divisions among the population are evident, especially between those with mortgages and renters. The Albanese government aims to address housing by pledging to build 1.2 million homes by 2029, but opinions on property prices are divided.
Most respondents aged 18-34 are in favour of dropping house prices, contrasting with older demographics more supportive of value increases. Rental households predominantly desire lower prices, in stark contrast to homeowners. Support for rising prices is stronger among Coalition voters and those who support independents.
Government Response
Prime Minister Albanese noted the government’s expansion of the Home Guarantee Scheme aims to ease access for first-home buyers. He highlighted the scheme’s minimal impact on price increases, despite a slight projected rise.
Albanese addressed housing supply challenges mentioned by Reserve Bank governor Michele Bullock, stating that building takes time. He underscored ongoing efforts to boost housing stock through initiatives, including the Build to Rent scheme and renovation of unoccupied homes.
