Why the hell are house prices rising?

This week in The Fin podcast, property editor Nick Lenaghan on why prices are rising, whether it will last and what is wrong with the housing market.Further reading: How to solve Australia’s housing crisis The growth in Australia’s housing stock has dramatically slowed in the last 20 years, a surprising outcome given demand. The blame lies firmly with local councils and state governments. Two radical ways to fix Australia’s housing mess Australia’s home ownership rate peaked at 73 per cent in 1966, but is about 63 per cent today. Here are ways to fix a damaging crisis that has morphed into a political, economic and social problem. ‘Very early on in this recover’: Demand outstripping supply Buyers – including first home buyers and investors – are racing to lock in deals ahead of the traditional winter slowdown, and that is putting a solid floor under prices. See omnystudio.com/listener for privacy information.