The trouble we’ll have with just adding to supply with no other measures is that we’re unlikely to be able to build faster than boomers can buy additional properties leveraged on their others.
We need to restrict demand at the same time as adding to supply.
Which unfortunately means developers won’t want to build anything. Rock and a hard place.
I think the margins on densification projects should still be pretty huge. Buy three or four detached houses and combine it into a 6-storey block. There’s still hundreds of millions of dollars return there if we remove say half of the current number of investors from the pool.
Speaking of west Australian builders. 
Move out of Sydney then. You’re placing too much value in maintaining any familial and social support networks or finding a job in your field to pay off the mortgage. Rural areas are flush with child support options and other infrastructure that’ll help support such a move
Rural areas aren’t flush with jobs though are they?
Even houses in Orange are >$1M. No first home owners grant there…
I was wondering whether to include an /s
Probably should have 
whoops
Post covid, I couldn’t afford to do what I did in 2018 in moving to Bathurst now.
Just 6 years later.
Doubt it, they’ll just have to live with smaller margins and building costs will fall in line with sales values because that’s how economic markets work.
I hope so, but you’re telling a capitalist society they can’t be capitalist. Can’t see it happening in my lifetime.
That’s the way capitalism is supposed to work (at least by the propaganda anyway). Increased supply means lower prices. Increased competition is supposed to mean increased innovation & efficiency and therefore lower prices.
I reckon 70% plus of economic markets in Australia have legislative constraints or supports on ether supply or demand. Taxes, tax exemptions, export controls, import controls, competition rules, tariffs, trade constraints, bans, standards, licensing and subsidies all warp ‘pure’ markets, including housing right now so for me it’s just practical capitalism at work where the government intervenes administratively to maintain fairness or to drive broader societal goals.
in fact I’m struggling to think of a single item of goods or services that isn’t ‘managed’ in one or more meaningful ways.
If the profit isn’t there the developers just won’t do it. They will limit supply to keep that profit margin. The govt isn’t going to fund housing, they can’t even fund transport infrastructure without selling it off to get it built.
Maybe it’s the cynic in me. But I just can’t see housing becoming affordable.
I don’t disagree, but it’s not because capitalism makes it so. It’s a lack of willpower from the government.
Building companies built houses all the way to the 90’s without the massive constant price increases we’ve seen since the CGT and negative gearing changes.
if anything reduced margins and the elimination of easy profit and endless irrational demand would eliminate most of the cowboys and reward efficiency and quality.
I realise the irony in posting this on this site but fuck me there is some Sydney centric solutions being posted.
No one has posted how they would help alleviate the same issue in the regions.
I guess giving Dairy Farmers the milk contact to all hospitals north of Port Macquarie instead of renewing NORCO’s contract shows how invested in the regions the Labor Party is.
You won’t have anywhere near as much flight from the cities if there’s light at the end of the tunnel.
I dont know if you can equate a procurement contract that went to tender on behalf of all the Local Health Districts to State Government not caring about the regions.
That contract is ultimately about the best deal at scale for all of NSW, not just the Northern LHD.
However it takes money from an already struggling industry and sends it, ultimately, overseas to a company with a very dubious history (Fonterra).
NORCO is a 100% farmer owned co-operative. The money stays local and is re-invested locally.
This is on top of Woolworths pulling NORCO milk from 150 of their supermarkets.
More dairy farmers are going to leave the industry driving the price up and allowing the supermarkets to further low ball them at the gate to produce their $1/L milk.
You’re not allowed to make those kinds of purchasing decisions though. Governments have to prove they awarded the contract to the lowest bidder, or they can get sued. Welcome to the world of FTAs.