Quote:
Originally Posted by AussieTrooper
This is why I do not buy the political spin that it's negative gearing, or local investors to blame.
You can get minor distortions in the price of any commodity due to local regulations, but in the end it is always driven by supply and demand.
No centrist politician wants to mention, let alone actually do anything about the primary driver of the surging prices.
There are a few on the right, and even the odd Green (albeit for different reasons) who want the numbers brought down, but it's not even close to becoming a reality.
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We can't be seen to be upsetting the Chinese.....they might play the racist card. No one wants to be labelled as a racist.
Housing is an essential service and non-residents shouldn't be allowed to own residential property here. We can't buy property in China.....what's good for the goose....