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That is certainly a driver, but I'm not convinced that it's the main one in Australasia. Certainly, it's not the main one worldwide.
by duncan_bayne 9y ago
That is certainly a driver, but I'm not convinced that it's the main one in Australasia. Certainly, it's not the main one worldwide.
- elyobo 9y agoI can't comment on the worldwide situation, but it's pretty clearly the main AU + NZ driver and it's one that's very easy to address; removing the tax perks would be fairer even if it had no effect on prices at all anyway, so it's a win win scenario. The only difficulty (and it's a biggie) is that actually doing something meaningful on housing affordability requires knocking down prices and that's political suicide, so nobody is willing to do it.