Commentary
You have to wonder whether Australia’s federal and state Labor governments are trying to drive private landlords out of the residential market.
It would be perverse behaviour when Australia has a housing rental and home ownership crisis, but the only alternative explanation is incompetence.
In the first place, they’ve set the country up for housing failure.
Net migration over the next two years is set to be 700,000. Normally it would have been something like 470,000 over the same period.
An additional 230,000 net will require around 46,000 additional dwellings every year at 2.5 people per dwelling.
That would be around a 25 percent increase in building starts; at the same time, the Housing Industry Association is predicting a decrease in building activity….