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When it comes to housing policy, why aren’t we talking about building more homes? : Comments
By Natalie Rayment, published 26/5/2022Alternatively, the Australian Government could follow the example set by our Kiwi cousins and take direct action on planning laws.
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New Zealand's housing market is even more unaffordable than Australia's! Why would we want to copy failed New Zealand?
Saint Jacinda Ardern's government has failed dismally on housing.
NZ Labour's promised ‘KiwiBuild’ program to build 100,000 public houses descended into a farce. Under Ardern, home ownership in NZ has plunged to a 70-year low. A complete disaster.
"We need reform to ensure that there are enough homes to go around."
If Natalie Rayment is sincere in wanting housing to become more affordable, then why does she ignore the demand-side of the equation?
Yes, we need to build more houses. But what about easing demand pressures by reforming the tax system and reducing immigration? Changing the rules around capital gains and negative gearing and bringing immigration levels back down toward historical norms would certainly ease demand.
Economist Leith van Onselen:
"The single best thing policy makers can do to ‘solve’ Australia’s housing supply issue is to ensure that immigration does not return to its manic pre-COVID level, nor is raised to the insane 235,000 annual NOM projected by the Centre for Population.
Policy makers and commentators should quit gaslighting the public on housing supply and address the source of the problem.
Indeed, many of Australia’s problems – from housing to infrastructure to the environment – could be ameliorated with the stoke of a pen by simply lowering immigration to sensible and sustainable levels below 100,000 people a year – the historical average. Doing so would also be electorally popular."
http://www.macrobusiness.com.au/2022/04/more-proof-immigration-drives-housing-shortages/