There is only so much an employer, particularly smaller businesses, can afford to increase wages by without going bust - but also higher wages still aren't keeping up with the out of control housing market.
Additionally, raising wages doesn't help those too disabled to work, to access decent affordable housing.
We need to do two things:
a) slightly loosen mortgage affordability criteria. For growing numbers of people (more than 40%) the problem is not the deposit, but rather lender mortgage income requirements.
And
b) Boost the construction industry with a mass social housing build.
Currently the taxpayer spends billions and billions and billions on direct and indirect costs of the public health housing and homelessness emergency.