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Moving overseas highlighted that our national psyche is to see houses not as places merely to live, but an asset class that, for many, is a way to grow wealth.
This has not happened overnight. Kohler maps out 70 years of housing public policy in Australia, starting with changes to the Commonwealth and State Housing Agreement in 1954, when the program was redirected to support home ownership by forcing the states to sell much of what was being built.
More than a quarter of Sydneysiders live in a home with at least two spare bedrooms, while one in 10 are in overcrowded dwellings and need extra bedrooms.