'It's laughable': Government slammed for housing affordability probe that proposes no changes

By Michael Koziol
Updated December 17 2016 - 3:08pm, first published December 16 2016 - 7:38pm
Rising home prices don't automatically make you richer: The ultimate value of any investment depends upon being able to convert it into cash and thus generate purchasing power. Photo: Jamie Davies
Rising home prices don't automatically make you richer: The ultimate value of any investment depends upon being able to convert it into cash and thus generate purchasing power. Photo: Jamie Davies
Committee chairman David Coleman, said the report concluded there was no structural problem with housing affordability. Photo: Andrew Meares
Committee chairman David Coleman, said the report concluded there was no structural problem with housing affordability. Photo: Andrew Meares
Greens MP Adam Bandt said reading the government members' conclusions was 'like being transported into a parallel universe'. Photo: Alex Ellinghausen
Greens MP Adam Bandt said reading the government members' conclusions was 'like being transported into a parallel universe'. Photo: Alex Ellinghausen

With the median Sydney house price eclipsing $1 million and our major cities regularly ranked among the least affordable in the world in which to buy a home, you might think Australia has a housing affordability problem.

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