All such action will precipitate is that more first home buyers will be precluded from buying.
If you want to change the system the whole tax structure and dependency on property for revenue will need to change. Fat fat chance of that.The merits of doing so are indisputable but all the cards are stacked property's way like it or not.
This is a runaway train protected by government at all 3 levels, add to that a reactionary RBA with its settings needing to be tweaked between what is good for the whole economy. If they are unwilling to go beyond that expect more of the same.
