Australia's Housing Minister Can't Be Serious... #shorts #australia #housingcrisis

By Scott Kuru

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Australia desperately needs MORE homes. So any housing policy that risks making new construction less attractive deserves serious scrutiny. Builders and developers are already dealing with higher financing costs, expensive construction and weaker buyer confidence. Investors are adjusting to major tax changes, and Australia is already forecast to fall well short of its 1.2 million home target. That’s why I think we need to look beyond whether a policy is achieving one immediate objective. What happens to construction? What happens to rental supply? What happens to rents? And most importantly, does Australia end up with MORE homes or fewer? Because you cannot solve a housing shortage without actually building housing. Do you think the government’s housing changes will ultimately increase supply, or make the shortage worse? Let me know in the comments.

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