This book, extensively revised and updated in its second edition, presents a comprehensive overview of housing policy in Australia over the last quarter century. At a time of widespread concern about declining housing system performance, it investigates the many dimensions of housing affordability and housing wealth inequality, together with government actions affecting these outcomes.

The authors analyse the causes and implications of falling home ownership, rising rental stress rates and the long-term neglect of social housing, as well as the housing situation of Indigenous Australians.

Building on its analysis of housing policy evolution in modern Australia, this new edition also documents and critiques the numerous government efforts of the early 2020s to halt the decline in housing affordability. These reforms span tenancy regulation, land-use planning and housing supply, first home buyer assistance, and social/affordable housing investment.

Throughout, the book identifies current and future housing challenges for Australian governments, recognising these as a complex set of inter-connected problems. Drawing on its coverage of the economics, politics and governance of housing provision, the final chapter outlines a pathway to the transformational national strategy needed for a fairer and more productive housing system.