The Morrison government’s incentives to help people become homeowners may come to nothing without an increase in housing supply

With many Australians locked out of the housing market or staring down the barrel of a 40-year, million-dollar-plus mortgage, the federal government has proposed a raft of policies aimed at addressing housing affordability in Tuesday’s federal budget.

But whether they will help bring ownership within reach of more people is unclear, especially since housing supply and zoning powers lie with the state governments.

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