The housing market bubble has been created by short sighted govt...

The housing market bubble has been created by short sighted govt and created by overseas investment/ immigration by the ridiculous obsession in need to avoid a recession, if Australia had a mild recession at point of GFC and didn’t relax overseas investment etc none of this in affordability would be occurring or impending bubble burst? Ultimately who is the only winner? Most still only own One house of which nothing has changed other than asset value and for this you have the privilege of paying higher rates? Mmm seems more of a win for govt in charging more taxes in increased valuations and little benefit for owner.