Locals being priced out of their own housing market
Covid showed people they could work from home – live in a regional centre or on the coast, and work in the city.
It’s meant a massive rise in house prices pretty much across the country. It’s also meant locals are being priced out of their own market. We’re joined by Byron Bay local Nicqui Yazdi who’s had to move to Lennox Head to find affordable housing; Tim McKibbin is CEO of the Real Estate Institute of NSW, who says he’s never seen anything like it. Byron Bay councillor Sarah Ndiaye says the local community is in ruins.
Where do we draw the line? Or is regional housing simply a reflection of the gentrification of country and coastal towns?
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It’s meant a massive rise in house prices pretty much across the country. It’s also meant locals are being priced out of their own market. We’re joined by Byron Bay local Nicqui Yazdi who’s had to move to Lennox Head to find affordable housing; Tim McKibbin is CEO of the Real Estate Institute of NSW, who says he’s never seen anything like it. Byron Bay councillor Sarah Ndiaye says the local community is in ruins.
Where do we draw the line? Or is regional housing simply a reflection of the gentrification of country and coastal towns?
In Today's Headlines
MP Morrison forced to apologise to NewsCorp over sex allegations
Rain eases as big flood clean-up begins
Local AZ vaccine approved
Ten dead in US mass shooting
Festival cancels Union Jack artwork
OR watch Today's Headlines on YouTube: http://bit.ly/TheBriefingSUBSCRIBE
Follow The Briefing
Instagram: @thebriefingpodcast
Facebook: TheBriefingNewsAU
Twitter: @TheBriefingAU
See omnystudio.com/listener for privacy information.
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