It's not that WE'VE solved it - obviously housing affordability is a nightmare - but that the solutions are obvious to virtually every economist out there
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Some combination of increase supply - whether that's by reducing tax incentives on ownership (capital gains discount/negative gearing), disincentives on selling property (stamp duty), or building new properties - and/or reduce demand
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But the difference is that we currently provide enormous subsidies in Australia that encourage home ownership as well as disincentives to sell
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So property is a really attractive investment but there's a lot to lose from selling, which means that the supply stays low because people hold onto property whilst demand skyrockets because of the tax breaks
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