Today's Grattan institute report is a great example of how easy solutions that are politically impossible can be: housing affordability is largely a solved problem #auspol http://www.abc.net.au/news/2018-03-04/housing-costs-hit-young-and-poor-nimby-development/9507198?section=business …
Also, Australia has some of the most lax rental law in the world, renters have few rights which makes property an even more lucrative investment
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Oh and also also, this report found that local home owners have enormous power and control over developments which has basically kept Sydney and Melbourne, two enormous cities, from densifying in spite of the extremely good reasons to do so
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For reference, the 'housing crisis' that's referred to a lot in Australia is that prices have roughly doubled in major cities over the last 5 years
End of conversation
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