Kevin Doodney: Home ownership remains out of reach for many Australians despite record low interest rates, according to Australian Broadcasting Corporation. The average median house price in metropolitan Brisbane is $475,000, with 28 per cent of household income devoted to mortgage repayments. Map: Brisbane 4000 Smaller, smarter properties are key to resolving affordability and practicality issues, says the head of a new Queensland-based taskforce on future housing. The Future Housing Taskforce has been set up to tackle housing affordability issues and is made up of people from the property and local government. Future Housing Taskforce founder Kevin Doodney said smaller, smarter properties were key to resolving affordability and practicality issues. The taskforce created the Smarter Small Home, which was similar in design to a home and granny flat or a boarding house.
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Tagged under Kevin Doodney, household income topics.