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Housing as a 'good thing' : Comments
By Saul Eslake, published 12/11/2009No Australian government would ever implement or advocate measures intended to bring on a fall in house prices.
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One of the problems is the policy of urban consolidation and zoning that prevents subdivision. Inflation is a result of Government landbanking land, that should have been allowed to trade on the open market. This practice prevented competition, and prices have skyrocketed resulting in the inflation that is now evident.
If NSW Planning has done such a good job, then why is this State in such a mess. Is it the Planners or who is to blame? I have yet to notice any plans that have worked out as originally costed or planned.