00:00Nurses, cleaners, early childhood educators, they're the kinds of workers society can't
00:07do without.
00:08But when it comes to housing, they're running out of options.
00:11Today's research shows that Sydney is increasingly becoming a no-go zone for the essential workers
00:16that make our city function.
00:18Property Council research has found households on $120,000 a year are largely locked out
00:23of home ownership in Sydney.
00:25In the orange patches, a median priced house is classed as beyond reach.
00:30In the red zone, it's beyond hope.
00:32The government needs to build 377,000 homes over the next five years to meet its own targets.
00:39We've seen estimates of them missing that target by more than 100,000 homes.
00:44In Parramatta, household incomes have grown by 87% since 2007, while the median house
00:50price has gone up 248%.
00:54Prices went up by a more modest 93%, but that still outpaces people's take-home pay.
00:59The government's been releasing surplus land for development, and today promised 11 more
01:04sites, making room for 1,400 new homes.
01:07We're going to keep doing everything we can.
01:09That's putting billions of dollars on the table in the budget.
01:12That's releasing site after site after site of government land for housing.
01:17But government land near Bella Vista and Kellyville stations still hasn't been built on nearly
01:21two years since plans were approved for more than 5,500 homes.
01:26The property council's using the data to try to strengthen its case for a developers discount.
01:32It says government fees and charges account for up to 40% of development costs, and it
01:37wants taxpayers to pick up more of the tab.
01:39We don't make policy guided by maximising return to property developers.
01:43We make policy guided by delivering the maximum number of houses.
01:47Figures that could determine the government's political fortunes.
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