NEWS.COM.AU: Victorians believe crackdown on foreign investment is the answer to housing affordability crisis

Posted by Pureprofile on April 28, 2017

A new study by data insights and programmatic media specialist Pureprofile of 1000 adults around the nation for the real estate agent comparison service Local Agent Finder in March.

Originally published: News.com.au, 28 April 2017

MORE than 40 per cent of Victorians believe a crackdown on foreign investment is the answer to the housing affordability crisis, a new survey shows.

With house prices on the rise, a recent study from Local Agent Finder found that 42 per cent of Victorians felt regulatory changes were the best way to improve affordability.

Local Agent Finder chief executive Matt McCann said tougher foreign investment rules were most popular among older Australians, while younger respondents favoured government assistance.

“Young Australians’ salaries cannot keep up with the high growth rate of house prices, and this is reflected in a larger proportion of respondents in their 20s who believe that cash grants are the best solution for first-time buyers,” Mr McCann said.

“Older Australians are more inclined towards regulatory measures on foreign investors than financial ‘handouts’ for young buyers, reflecting the higher salaries and traditional values among this group.”

 

Topics: News

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