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The current housing and rental crisis need innovative solutions – Owen Wilson from REA has some interesting suggestions.

This article by Group CEO of REA, Owen Wilson caught our eye.

In a wide-ranging opinion piece, Owen rightly points out some hard truths about the current rental crisis, but also offers several genuinely innovative solutions, and believes:

“Two levers must be pulled urgently if we want to address the rental shortfall, and equally, improve affordability for home buyers. We need to supercharge new supply with conditions that attract rather than deter investment, and secondly, Australia’s existing housing stock must be better utilised.”

“Owen’s solutions are wide-ranging,” says Laura, “it’s refreshing to read an article that offers different thoughts on what can be done.”

He says a major concern is that with rental demand now higher than before the pandemic, that is hitting the under $400 per week rent sector. Which in turn is severely affecting a large majority of working Australians.

Read Owen’s article at here.

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