Housing market stretched to shreds

When it comes to the house and housing market in Australia, many people simply despair. The government is now promising a remedy in the budget estimate for this financial year. Andres Reith, head of the real estate and construction department at management consultancy BDO, explains what the government intends to do to alleviate the so-called 'housing crisis'.

'Housing Crisis' Many houses — and yet not enough Credit: Jenny Evans/Getty Images

Andres Reith, Leiter der Real Estate und Construction Abteilung bei der Unternehmensberatung BDO