While housing affordability is on drop by the rising prices, specially in large cities, the young generation suffers from the pending independence as a result. Despite the significantly good industrial performance in the construction sector in Australia, reduced housing prices is still under burden by the middle mans and real estate brokers. Several socio-economic factors are indeed involved in the rising prices such as unequal wealth distribution, banking strategies, wages growth rate, mortgage interest rate, population growth, etc. which are being discussed in this article. Data had been collected from the Australian Bureau of Statistics in order to compare and analyze the effectiveness of negative interest rates on housing affordability. New financial asset classes such as cryptocurrencies had also been introduced in order to propose alternatives to the traditional investment banking which also ensures profit earning for bankers.