Surely housing prices and rentals should not be partly determined by overseas residents seeking capital gain at the expense of Australian citizens?
Progressives concerned about social justice should embrace the idea that the best way of improving the mobility of low income outer suburban residents is by increasing their incomes.
If, for example, as an industry we wanted lower stamp duties and land taxes and in exchange were prepared to publicly campaign for a 15% GST.
Are the property holdings of our federal politicians negatively influencing policy and causing them to ignore evidence?
According to a survey of 1,000 first home buyers by Mortgage Choice, 53% of respondents are paying more than 30% of their after tax income to a mortgage.
So, it is now time for a dramatic change in national infrastructure investment away from roads and back to railways, so long as our railways are brought into the modern era rapidly.
This is enough to yield a doubling in real house prices every 30 years or so, underpinning a long-term decline in housing affordability and the home ownership rate.
The SPP blames the Chinese for causing the housing bubble, the Lebanese for high crime rates in Sydney, Muslims for terrorism and the Vietnamese for drug importation.
Australian cities have some of the highest carparking costs in the world. Why? Can anything be done about it? And what might happen if it gets any worse?
Throttling dwelling supply has a pernicious effect on housing affordability and consequently has negative distributional consequences.
The current State Government, even with the existing planning laws, has done much to threaten the very existence of those communities throughout Sydney.
We have a very fundamental problem with distortion in our housing markets that is already spilling over into other aspects of economic policy and questions of generational equity.