What supply and demand has nothing to do with the rise in property prices?
The true value of an item is the $ buyer is prepared to pay and what the seller will accept, that is how markets work. That is what is behind increases in property price increases.
Property prices have nearly doubled in the last 5 years, as far as I know there have been not been any gov policies or actions by the RBA that have contributed to that. In fact RBA have increased interest rates which in theory hold back property prices, but no. And why is that? comes back to supply and demand.
Oh there is 3 other factors that influence property prices, location, location and location. There is limited properties in good location but there is big demand for properties in good location, there we go again with supply and demand. In my area a 70's built home on 700 sqm or so sell for around $1millon, 30km away similar size block with newer home sells for less than half. 30km is not that far but obvious one location is a lot more desirable than the other. You suggesting some how government policy is the reason for the diffrence in values?
Arh yeas remind use you worked as a butcher, so that makes you a great economist and property exxpert LOL
"However if you want more communism and centralised government control" seems that is what you want because that sort of government would have policies that hold back the free market and rises in the cost of property.
You contradictions are so funny. You support free markets yet support tariffs, you oppose government intervention while also demanding government intervention.
"I don't live in an apartment." Yeah sure, least you don't deny renting
