cats - pigeons and negative gearing, page-11

"prices come off and young/first home owners are able to enter the market, while this reduces rental property demand, would it not also reduce rental property supply? Thus possibly maintaining a "status quo" with rent prices?"

That would be true if supply/stock was static, it is not. Even in Perth where prices have droped and rental vacancy has increased, dwelling completions was still around 20,000 in 2017.