00:03After weeks of more homes going unsold than finding a buyer, auction clearance rates have
00:11bounced back to a post-budget high.
00:17For the first time in weeks, back above 50 per cent, the new data from Coatality averaging
00:2355 per cent across the capital cities.
00:26We know that prices are cooling, and there are several reasons for that, the leading
00:32one being increases in mortgage rates.
00:35Housing affordability remains the major issue.
00:38To address that, state and federal governments agreed to a target of building 1.2 million
00:44homes by 2029.
00:46While the states say they're making progress, many are lagging behind.
00:50Supply, supply, supply, fast, fast, fast.
00:54Availability equals affordability.
00:56One way to build more homes, according to the creators of a new mapping tool, is to
01:01relax zoning restrictions and allow more medium density developments like townhouses and low
01:07rise apartments.
01:08The group has compiled public data that shows while only 45 per cent of Melbourne has zoning
01:14restrictions on medium density housing, in other cities the number is much higher.
01:20If you're a family and you have two kids, and you'd like those two kids to live near you
01:24but maybe not with you for the rest of your lives, then there's going to need to be three
01:28homes where there's currently one.
01:30The challenge to changing zoning is convincing communities that increasing the housing density
01:35in their neighbourhoods will benefit them.
01:38It's a challenge proponents say governments must take on.
01:42Leah McLennan, ABC News.
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