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this post was submitted on 12 Nov 2023
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In my mind, the only way to fix the housing crisis is to implement policy which will effectively collapse the housing market, and that would be a suicidal move by any party so they just wont do it. Every day is some story of the Government's attempt to fix it, the latest was building 3,000 appartments next to the Metro at Macquarie Park. In what world does anyone think these things will be affordable when they are 30 mins from the city and a walk to the metro?
The only ways I can see to fix it is to grandfather capital gains tax discounts on investments and kill AirBNB
Also, while I like the notion of affordable housing, I don't think it is possible to build. Nothing is affordable these days. Affordable labour and materials don't really exist..