Why does it now cost nearly a million dollars to build a basic home in Australia?

The latest NAB Residential Property Survey reveals some uncomfortable truths. Construction costs are soaring, government taxes and delays are adding layers of expense, and productivity in the building sector has fallen dramatically over the past 30 years.

Yet investors are still being blamed for rising prices, even though they make up just a quarter of buyers. So what is really driving the housing crisis?

If you want to understand the forces shaping property prices, affordability and supply across the country, and what the media is not telling you, listen to this episode today.