Will house prices ever crash?

For decades, house prices in Australia have been accelerating - surpassing expectations, and defying every prediction of a crash. 

The pandemic has done nothing to slow down that trajectory, with prices continuing to go up, despite economic uncertainty and slow population growth. 

The result of it all is more people permanently locked out of the housing market, facing steep rent hikes and homelessness.

Today, contributor to The Monthly magazine Russell Marks on why Australia’s housing market continues to confound expectations - and what might actually make a difference. 

Guest: Contributor to The Monthly, Russell Marks.

Background reading: House of the rising sun in The Monthly.

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