The economic challenges facing the next prime minister (opens original article in a new tab)

The next prime minister faces economic challenges including housing affordability and government targets, with younger generations struggling despite some improvements in mortgage costs.

• Younger generations feel more shortchanged despite slower house price growth compared to earnings.
• Mortgage payments now account for a third of take-home pay, down from 48% in 1989.
• Government is behind on housing targets with a 6% decrease in new homes last year.