no the supply is there it's just that property investors re directed that supply to a secondary and more lucrative yield .. the short term rental market
your supply and demand ranting has been flipped
property investors will deny that tourism demand even exists
yet we all know the double dealing property investors have been exiting long term and feeding that demand all along
thats a voluntary decision not forced, not legislated, not decreed, just a merciless rush to yield with scant regard for the beneficial taxation treatment on offer to house Australians
but tourists are more important, more lucrative
when it comes to housing working Australians suddenly it's a govt problem an immigration problem not their problem
