If changes to the GST in the form of an increased rate are allowed to go ahead without some balance being restored to the new versus second hand treatment of our housing stock, it is likely that genuine new housing supply will stall further.
It might seem easy to build more transport infrastructure given so much was built in the past. But in some cases we wouldn’t tolerate the same conditions that provided much of our legacy infrastructure.
The middle and outer suburbs may not capture the interest of intellectual elites or (with some exceptions) provide the homes of the wealthiest in our society, but they do continue to house the vast majority of Australians.
For many apartment projects, more than 80% or 90% of the stock is sold to investors, not to people with the intention of living there. This includes a significant proportion of first home buyers as investors.
On special occasions (fireworks seem a big drawcard) they will come in droves but to suggest that continued investment in inner city recreational facilities benefits people who live 10 or 20 or 30 kilometres away, is stretching things.