When KPMG Partner Bernard Salt wrote, with satire, in The Australian newspaper in 2016 that the millennial generation could save money to buy a house if they didn’t eat so many smashed avocado brunches, social media commentary erupted. Opinions varied from agreement to disdain. In this episode of The Next Five Years with Bernard Salt on Sky News, he tackles the issue with a future focus.
Joined by Susan Lloyd-Hurwitz, chief executive officer of the Mirvac Corporation, Brendan Rynne, Chief Economist, KPMG, and other experts, he delves into the problem of affordable housing, the generations ostracised from the market, the response of millennials to the challenge, how other cities are managing it, the role of property developers, and what governments and business can do to help solve it.
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