The housing affordability problem can be solved Muni, Stare & Comm Governments stop using housing as a cash cow: Muni: -massive council fees for sub developments, DA and massive Rates levies and other fees/charges levies on new developments
State: -Massive Stamp duties (eg S/D on average Qld house of $800K= $20K!
Comm: -GST on developments/subdivisions and new builds.
For a new house of say $800K in a new development these combined charges can amount to $150K or 18.75% of the cost of the house.
Short term strategy to stimulate house building: -3 year amnesty on all Govs charges -Allocate social housing exclusively to the Councils & funded by Comm Bonds -10 year social housing rental deal with the opportunity for the renter to buy for the balance of that house's bond/loan. -otherwise, sell the house on the open market and restart the cycle.
IMO Governments have made housing their cashew businesses rather that delivering a social service, namely affordable housing.
Why? Because he policy makers/ politicians/civil servants all(middle class) have skin in the housing market and call the shots with self-interest....not the general good
