Labor is doing the right thing. The fundamental problem is there are more people who want homes than there are homes available. By pumping billions into it, labor is stimulating construction which will increase supply and, in the medium and long term, reduce prices.
Short term, prices will go up slightly. But focusing on the short term is how we got into this mess.
Labor is doing the right thing. The fundamental problem is there are more people who want homes than there are homes available. By pumping billions into it, labor is stimulating construction which will increase supply and, in the medium and long term, reduce prices.
Short term, prices will go up slightly. But focusing on the short term is how we got into this mess.
So failing to address negative gearing, foreign investment and increasing immigration helps reduce house prices how?