Australia's Housing Affordability Challenge: A Comprehensive Analysis of Effective Policy Solutions
Australia faces a significant housing affordability crisis, marked by rising house prices and rents. This paper reviews the current state of housing affordability, evaluates existing policy responses, and explores potential solutions to the crisis. Using data from the National Housing Supply and Affordability Council, it highlights the imbalance between housing demand and supply, driven by factors like increased migration, economic instability, and low investment in social housing. The study includes comparative insights from other countries, such as Pakistan, to understand different policy approaches. It suggests targeted reforms to boost housing supply, improve affordability, and address underlying socio-economic issues. Drawing on case studies and expert opinions, the paper emphasizes the need for comprehensive policy interventions to mitigate the impact of the affordability crisis on Australian households' quality of life.
-
(1) Shahid Rizwan Baig
Assistant Professor, College of Law, Government College University Faisalabad, Punjab, Pakistan.
(2) Lubna Ghulam Sarwar
Assistant Professor, Department of Political Science, Government Graduate College for Women, Ali Pur Chattha, Wazirabad, Punjab, Pakistan.
Cite this article
-
APA : Baig, S. R., & Sarwar, L. G. (2024). Australia's Housing Affordability Challenge: A Comprehensive Analysis of Effective Policy Solutions. Global Social Sciences Review, IX(II), 106-114. https://doi.org/10.31703/gssr.2024(IX-II).11
-
CHICAGO : Baig, Shahid Rizwan, and Lubna Ghulam Sarwar. 2024. "Australia's Housing Affordability Challenge: A Comprehensive Analysis of Effective Policy Solutions." Global Social Sciences Review, IX (II): 106-114 doi: 10.31703/gssr.2024(IX-II).11
-
HARVARD : BAIG, S. R. & SARWAR, L. G. 2024. Australia's Housing Affordability Challenge: A Comprehensive Analysis of Effective Policy Solutions. Global Social Sciences Review, IX, 106-114.
-
MHRA : Baig, Shahid Rizwan, and Lubna Ghulam Sarwar. 2024. "Australia's Housing Affordability Challenge: A Comprehensive Analysis of Effective Policy Solutions." Global Social Sciences Review, IX: 106-114
-
MLA : Baig, Shahid Rizwan, and Lubna Ghulam Sarwar. "Australia's Housing Affordability Challenge: A Comprehensive Analysis of Effective Policy Solutions." Global Social Sciences Review, IX.II (2024): 106-114 Print.
-
OXFORD : Baig, Shahid Rizwan and Sarwar, Lubna Ghulam (2024), "Australia's Housing Affordability Challenge: A Comprehensive Analysis of Effective Policy Solutions", Global Social Sciences Review, IX (II), 106-114
-
TURABIAN : Baig, Shahid Rizwan, and Lubna Ghulam Sarwar. "Australia's Housing Affordability Challenge: A Comprehensive Analysis of Effective Policy Solutions." Global Social Sciences Review IX, no. II (2024): 106-114. https://doi.org/10.31703/gssr.2024(IX-II).11