It may come as no surprise that a local real estate agent agrees with Deputy Prime Minister Barnaby Joyce's much publicised comments about housing affordability, although Graeme Mills believes that those looking to buy property may not have an alternative.
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Mr Joyce caused a huge stir on Wednesday when he told ABC Radio that he was fed up with the housing debate being centred around Sydney and Melbourne following a report that ranked Sydney as second and Melbourne as fifth on an index of the world’s most expensive cities for affordability.
"I get annoyed when people talk about that the only house that you can buy apparently is in Sydney and it's too dear," he told ABC Radio National.
"There are other parts of Australia. I live in one, it's called Tamworth…...if you've decided you've got the gumption in you and you want to move [west], you're going to have a very affordable house.”
While the comments have drawn outrage from many Mr Mills from Tamworth Real Estate can’t see any other solution without massive changes to the market that could have potentially dire consequences.
“If the government steps in and says that a two million dollar property can only be sold for one million then the banks and the people already invested in the market will go broke,” Mr Mills said.
“What Barnaby said was a bit flippant but there is a serious side to it because realistically it is impossible to control the market.”
“At the end of the day buying in Tamworth is a very safe and people have to do what they have to do if they want to own property and if that is moving to a regional area then so be it.”
One incentive that Mr Mills thought was worth some thought was a change to the structure of the First Home Buyers Grant for regional areas.
Currently, in an effort to thwart centralisation, the grant only extends to buyers of brand new properties.
“Maybe there is some scope to modify the scheme for regional areas and encourage more first home buyers into the market that way,” Mr Mills said.