Right now, for millions of Australians, the nation’s housing market might feel like a bad dream – and there’s no sign of waking up. Soaring prices, shrinking block sizes, and cashed-up overseas buyers have many questioning whether the “lucky country” still applies.
Starting tonight at 6.00pm on Seven and 7plus, a five-part 7NEWS exclusive digs into how we got here, who’s to blame, and whether homeownership is still within reach.
All week, 7NEWS’ property experts will speak to everyday Aussies, politicians, and industry insiders to uncover the truth behind The Great Australian Nightmare.
7NEWS national news desk director Hugh Whitfeld said: “This series is about Australia’s future. How do we want to live, and how do we see ourselves as a country? Is housing a right or a luxury?
“We’re not just pointing fingers. Our journalists have spoken to some of housing’s brightest minds to find innovative solutions that could help get us out of the mess we’re in.
“Our new 7NEWS National Desk combines the expertise from our team of journalists across every corner of the country, allowing us to get to the heart of important issues like housing, which affect every Australian.”
Greens MP Max Chandler-Mather, who features in the investigative series, says: “There’s three key issues of the housing crisis: skyrocketing rents, a decline of home ownership, and a lack of affordable housing.
“You can be on a good income and you can be stuck renting for the rest of your life. I think there is a catastrophe coming down the line here.”
7NEWS’ expert team of property editors include Angelique Opie in New South Wales, Melina Sarris in Victoria, Anna McGraw in Queensland, Jasmin Teurlings in South Australia, and Alice Murray in Western Australia.
Five-part 7NEWS investigative series starts tonight, 6.00pm on Seven and 7plus.