Well at least they're acknowledging house prices are getting unaffordable. Unlike a number of people on this forum, who must think Australia is the only country with dual income households or something..
[He said international investment that boosted the supply of housing was "a good thing" but had to be subject to strict conditions.] All this has demonstrated is that blindly encouraging investment in a sector, without directing the type of investment, does nothing to assist affordability or expansion. Anyone care to explain how negative gearing is better better than this type of foreign investment?
