23 Mar 2021

Govt housing measures not enough to help - first home buyers

From Checkpoint, 5:40 pm on 23 March 2021

Those struggling to afford their first home say the government's housing package does not go far enough to help them get a foot in the door and address the imbalance favouring speculators.

Landlords who sold houses between October and December last year pocketed a record $6.7 billion - that's the profit made compared to what they bought the properties for.

The CoreLogic figures show these realised capital gains on house sales totalled just over $16 billion since the nationwide lockdown last March.

Amy Williams filed this report.