Episode 3: The Australian Housing Crisis
Description
In this episode of Speak Slowly: English for Everyone, Aryan Alavi takes an in-depth look at one of Australia’s most pressing issues—the housing crisis. From skyrocketing home prices to the struggle for affordable housing, Aryan explores the key factors driving this crisis, including population growth, limited housing supply, wage stagnation, and rising interest rates. You'll hear about the real impact on Australians, particularly young people and lower-income families, as well as possible solutions such as increasing home supply, rent controls, and better support for first-time homebuyers. Tune in to understand how this crisis affects everyday Australians and what might be done to bring about change.
Podcast transcriptions available on attached Google Drive folder:
https://drive.google.com/drive/folders/1Qsuuolk3EaewZ9661d14BIn_G9XBBBuC?usp=sharing
mortgage:a legal arrangement by which you borrow money from a bank or similar organization in order to buy a house, and pay back the money over a period of years
stagnate:to stop developing or making progress: Growth is expected to stagnate next year. His career had stagnated. —stagnation /stæɡˈneɪʃən/ noun [uncountable]: economic stagnation