Will house prices ever crash?

<p>For decades, house prices in Australia have been accelerating - surpassing expectations, and defying every prediction of a crash. </p><p>The pandemic has done nothing to slow down that trajectory, with prices continuing to go up, despite economic uncertainty and slow population growth. </p><p>The result of it all is more people permanently locked out of the housing market, facing steep rent hikes and homelessness.</p><p>Today, contributor to <em>The Monthly </em>magazine Russell Marks on why Australia’s housing market continues to confound expectations - and what might actually make a difference. </p><p><br /></p><p><strong>Guest:</strong> Contributor to <em>The Monthly</em>, Russell Marks.</p><p><br /></p><p><strong>Background reading:</strong> <a href="https://www.themonthly.com.au/issue/2022/march/1646053200/russell-marks/house-rising-sum">House of the rising sun</a> in <em>The Monthly</em>.</p><p><br /></p><p>Stay in touch with us on <a href="http://www.twitter.com/7ampodcast">Twitter</a> and <a href="http://www.instagram.com/7ampodcast">Instagram</a></p><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>