Inquiry finds worsening housing affordability as construction lending drops 30 percent
A parliamentary inquiry revealed on November 12, 2026, that housing affordability in Australia has worsened despite falling prices, with expectations of further declines until 2028. Westpac's chief indicated a 30 percent drop in housing construction lending, while banks reported significant profits from mortgage loans amid increased economic pressures on families. Governments are urged to enhance building investment and supply.
Take it further — get the full app and never miss a moment of what's happening in Australia.
This publisher's site can't be shown here due to their security settings.
Open full article →No source link available for this article.
Published 12 Nov 2026, 07:51 UTC · Updated 12 Nov 2026, 08:00 UTC
Summary by OZbrief Editorial. Original report: SBS News – Australia. Editorial policy · Corrections
Trending
- Melbourne Uni cuts 179 staff as it bleeds cash for fifth year
- Melbourne art teacher Alice Krause apologizes after racist car park outburst
- Six Victoria fire stations robbed, CFA reviews security amid bushfire risks
- Finnish ambassador says interest in embassy no red herring after viral posts
- Dave Grohl pays tribute to Beaconsfield miner Todd Russell amid energetic Sydney
- Hussey makes call on Australia's best batting line up