Pledge to lower cost of housing

Tanya Giles Herald Sun p25 A whole generation was at risk of being forever locked out of the housing market, the nation's leaders were warned yesterday. ...locazl state and federal governments yesterday reached a agreement to tackle the shortage of affordabel homes. The joint Ministerial Council of 20 planning, housinhg and local government ministers, chaired by Victorian Housing Minister Candy Broad, met in Melbourne yesterday to develop a national plan ...The latest research shows shows no houses in Melbourne were affordable for households with the lowerst 40% of income in 2003, as they only had enough money to buy a property worth less than $152,173...With avg 7yrs to pay HECS debt....expected to get bigger...& casualised jobs without security.