Housing in Australia has been growing rampantly for the past 20 years. There are a lot of factors which have caused this and no one factor will reduce house prices significantly. Housing however is not an investment opportunity. Housing is a need of citizens and it the most efficient economies have the lowest price housing.
States are responsible for housing and should be building a lot more public housing. The Federal government also controls incentives for housing through taxation policy and immigration policy.
- Removal of the CGT Discount.
- Removal of netgative gearing.
- Housing can only be purchased by citizens.
- Banning of Apps such as Stayz and Air BNB
- Prevention of Corporate Ownership of housing stock.