Labor here in QLD is about to smash that overcooked Brisbane house price graph. Their socialist collectivist tendencies are being exposed at last with firstly a regressive land tax and then new tenancy laws designed to make up for a lack of govt investment into social housing. Legislate property investors out of existence to cover their inadequacy https://www.copyright link/policy/economy/queensland-tax-grab-will-reduce-house-prices-and-increase-rents-20220905-p5bfdx So as developers go bust with increasing costs of materials; regressive taxes and rising interest rates the housing crisis enters a new phase. As an asset class many of us on this forum hold goes bust alternatives will beckon. I'm buying rubles and phyiscal PMs - they'll come in handy when the BRICS reset the world
