make sure you read the comments (they are ripping him a new one).
i particularly like this one:
How conveniently Harry has forgotten the dishonest and self-serving 2008, 2010 and 2011 predictions by the National Housing Supply Council of ever more happily alarming dwelling shortages - 85,000 in 2008 then 185,000 in 2011, forecast to be 640,000 dwellings by 2030 without a policy change? 2011 ABS Census figures finally forced NHSC chairman Owen Donald to acknowledge the fantasy of the NHSC calculations. Adjusted, the 228,000-home undersupply became a 341,000-home oversupply.
Forgotten that 75% of 35-year-olds can't afford a mortgage, or that 22% of Sydneysiders own 55% of homes?
Or land-banking? Lend Lease in mid-'12 released just 29 properties to market of 4900 releases. Keeps price high - good business practice is it not?
