That's Labor for you, who voted for them , pushing Housing and inflation higher and higher on mass Immigration, page-57

Why haven't foreign investors been banned from buying established homes.

We all know e.g. the Chinese nationals are buying in to secure their futures and as result forcing prices up. And we know they are using proxy expats to sign the contracts, yet the tax office appears to be a lame duck when it comes tracking the money trail.

Not much insentive for Govts to constrain house prices when GDP and national Wealth are positively skewed by rises, masking the decline in productivity.