Supply is at least part of the solution. Just we need way more of it. And way less of this short-sighted, inefficient, isolating, detached housing sprawl.
I’d put forward all new complexes be made x% public housing, that would put a dent in the problem, and also reduce stigma to public housing, because it’ll be everywhere, and people are integrated into the community, not shoved all in one, under-maintained spot.
They’re just worried they’ll lose next year because of their 2019 election loss, which was largely seen as a rebuke on negative gearing reform proposals.
Make no mistake, this minister is trying to keep their older voters, who have sizable housing investments.
Anyone who thinks rising house prices (in real terms) is actually good for society is brain-dead.