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Inside Australia’s Housing Crisis: Broken Policy, Supply Myths & Market Limits

Inside Australia’s Housing Crisis: Broken Policy, Supply Myths & Market Limits

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 What if everything we’re told about fixing Australia’s housing crisis is just scratching the surface? That’s the starting point for our conversation with Michele Adair, Managing Director of the Housing Trust and a long-time advocate for meaningful housing reform. Michele brings decades of experience and doesn’t hold back when talking about what’s really broken in the system. Throughout the episode, we cover key issues that are often ignored or oversimplified in the national conversation around Australia’s housing crisis, including: Why political promises rarely translate into real, on-the-ground housing outcomesThe limitations of the private market and why it can’t deliver genuinely affordable homesHow capital gains tax discounts cost the federal budget $23 billion a year – funds that could support social housingThe gap between housing policy and delivery, and how that disconnect keeps communities in crisisWhy the Housing Australia Future Fund is a step in the right direction, but severely underfunded and politically vulnerableThe urgent need for a 20-year national housing strategy that includes all levels of government and addresses workforce shortagesHow community housing providers are being stretched to the limit, despite being more efficient and regulated than many thinkWhy defining “affordable housing” matters, and how that definition has been lost at a federal level If you care about what’s happening in housing, or you’re just tired of hearing the same old solutions that clearly aren’t working, this one’s worth a listen. Let's get started! Episode Highlights: 00:00 - Introduction 01:21 - Who is Michele Adair? 01:59 - Could the election results have an impact on the ongoing rental crisis? 04:36 - What Michele believes the Labor Party still needs to address beyond supporting HAAF 07:06 - How Michele views the investment fund approach vs direct housing build 09:56 - What’s currently preventing good affordable housing proposals from moving forward 11:02 - Why Michele believes political messaging around “supply” misses the real issue 13:48 - Why housing affordability can’t be fixed by doing the same thing over and over 16:07 - Why housing policy shouldn't be a one-size-fits-all 27:17 - What’s changed, or hasn’t, in the rental crisis since the last conversation 29:49 - How having three levels of government makes fixing housing more difficult 36:50 - Michele’s views on how tax structures and hidden costs affect affordability 38:44 - How community housing is currently financed, and why it’s becoming harder 49:21 - How poorly designed rental laws are putting pressure on both renters and landlords 52:22 - Will regional oversupply outpace urban rental demand? 58:06 - Michele Adair’s property dumbo 59:34 - Thoughts on the 3D printed house About Our Guest: After seven years as CEO at Housing Trust, Michele Adair has now moved into the role of Managing Director to focus on portfolio growth. A courageous and pragmatic driving force in housing policy and advocacy, she was named one of the five most powerful people in property by the AFR in 2023 and won the UDIA’s national award for leadership excellence the same year. Michele was the inaugural Chair of Homes Tasmania and joined the Australian Urban Research Infrastructure Network as their housing industry expert in 2024. Connect with Michele Adair: Website https://www.housingtrust.org.au/LinkedIn https://au.linkedin.com/in/michele-adair Resources: Visit our website https://www.theelephantintheroom.com.auIf you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast questions@theelephantintheroom.com.auLooking for a Sydney Buyers Agent? https://www.gooddeeds.com.auWork with Veronica: https://www.veronicamorgan.com.auLooking for a Mortgage Broker? https://www.alcove.auWork with Chris: chrisbates@alcove.au Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcastSubscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765See omnystudio.com/listener for privacy information.

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