I think we need action on many fronts to fix our fucked housing market, the ratio of immigration to new builds is definitely a factor pushing up housing.

We do also need to kill shit like negative gearing and the capital gains tax discount. We also need better anti money laundering real estate laws.

However, both owning and renting a house is unaffordable, with very low vacancy rates. That suggests that there is a concrete lack of supply relative to population change, and reducing immigration could help with that