"What does this mean other than the costs of new houses are far in excess of what they should be and if the governments reduced their exorbitant taxes they would be more affordable"
Not going to argue with this, but when the land is $300k to start with, it is still going to be at least $500k deal with less taxes.
And first home builders constructing the 3+1 of old instead of 4+3 plus two living areas, plus laundry plus alfresco plus media room would help as well.
