Paul Schroder

It took you nine years to save a deposit.

It takes 11 or 12 now.

The most startling thing for me is this.

It should be about 30% of your income to pay for your rent.

It should be about 35% of your income to pay for your mortgage.

And they're now running at about 33.5% and 45%.

So we're at the point where young people especially or people who don't own a house, older people, there's a lot of older single women in this situation as well.

So it's not only a young person problem.

People can't find safe, secure, affordable places to live.

And if you can't do that, you can't build any dream.

You can't build any future.

You can't find your place.

So it is, you're right, supply and demand, but it's mostly, it's 40 years of neglect on supply.

Oh, I don't think it's just a government problem.

In fact, I would say this.

Yeah, sure, you should do that.

But look, I think it's more central than that.

You know how they say in casinos the house always wins?

I would say that in the financial sector, in the Australian economy, the house always wins.

And the reason the house always wins is that housing companies