Subscriber • Opinion

Time for a knockdown rebuild of Australia's housing policy

By Adam Triggs
December 6 2021 - 6:25pm
Studies show the housing markets with the most constraints on development tend to be those where home ownership is greatest, and owners use their votes to support parties that keep supply low and prices high. Picture: Shutterstock

Just like any argument, there are two sides to every market. Housing is no exception. On one side, you have people who want to buy houses. On the other, you have people wanting to build and sell them. It should be simple. If demand exceeds supply, prices will go up, people will supply more houses and then prices will stabilise. But with Sydney's housing prices up 100 per cent in less than 10 years, something else is going on.

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