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The fundamental problem with housing in Australia
(www.abc.net.au)
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this post was submitted on 09 Feb 2025
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The fundamental problem with housing EVERYWHERE is that it's a finite resource and we allow individuals and orgs to stockpile/horde it.
All of the neoliberal and conservative measures to date were a lie designed to either inflate the cost of housing, or not have any meaningful impact while sounding like it does. Most would be completely unnecessary if we only allowed citizens and perm residents to own 2 properties max, including their PPOR; banning every other entity from owning residential property entirely.
I'm not generally a fan of bans. I'd rather just see the tax incentives to owning multiple homes behind your PPOR removed. And, if people do own multiple homes, there should be strong incentives to actually rent it out, such as a vacant home levy, and much, much stronger tenants' rights protection to enable tenants to treat their home as the home that it is.