this post was submitted on 06 Sep 2025
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The number of people coming in to the country is FAR exceeding our ability to build. The first thing we need to do is reduce our intake (reduce demand) so we can catch up. I'm not saying we need to stop ALL immigration, just that right now, reducing immigration is one of the few levers we have to help alleviate the crisis. Then we can talk about removing Negative Gearing and Capital Gains Tax Concessions, maybe even put some limits on property investing.
What would you say are limiting factors on our ability to build then, if you think reducing immigration won't significantly reduce housing construction?
Why do you say immigration a lever to pull but not the factors limiting construction?
The limiting factor is government red-tape. It costs a lot of money and can take years just to get the approvals to start building.
Not to mention our whole tax system is geared to favor the rich. (Thanks Howard!)
I do agree with that, I suppose we probably disagree with the speed reforms can take then.