Get the money out of politics.
mtpender
The limiting factor is government red-tape. It costs a lot of money and can take years just to get the approvals to start building.
Not to mention our whole tax system is geared to favor the rich. (Thanks Howard!)
Australian Bureau of Statistics
The number of people coming in to the country is FAR exceeding our ability to build. The first thing we need to do is reduce our intake (reduce demand) so we can catch up. I'm not saying we need to stop ALL immigration, just that right now, reducing immigration is one of the few levers we have to help alleviate the crisis. Then we can talk about removing Negative Gearing and Capital Gains Tax Concessions, maybe even put some limits on property investing.
Australia built 180,000 homes in 2024
Australia's immigration numbers were around 500,000 over the same period.
But no, that totally doesn't have any negative impact on housing affordability. /s
The Mainstream Media machine is in "Full Spin" mode, I see...
Why is this news? We already knew this.
So common sense and basic math skills are racist now?