How government policy has ‘favoured’ older generations in the housing market

“Contradictory” government policy has been blamed for creating inter-generational inequity in Australia’s housing market, according to new research.

The University of South Australia study found government policy typically favoured older Australians while locking younger generations out of the housing market.

Peter Rossini, Property Expert at the University of South Australia, told Tom Elliott there wasn’t much “incentive” for older Australians to downsize, given stamp duty taxes and the potential impact it can have on access to the pension.

“To me, it’s a matter of balance,” he said.

“I’m not suggesting we push older people out of their homes, at all, but maybe we incentivise for those that perhaps want to do so?

Press PLAY below to hear him explain

Picture: Getty iStock