Australia’s Housing Affordability Deepens

Australia’s housing affordability crisis continues to worsen, with new figures showing median home prices and rental rates reaching record highs in Sydney, Melbourne, and Brisbane. Experts point to limited housing supply, population growth, and high construction costs as key drivers.Young Australians and new migrants are among the hardest hit, often forced into shared housing or long commutes. The federal government has pledged new housing initiatives, but critics argue that immediate relief remains limited.