RBA internal docs just dropped the truth bomb on Labor’s housing mess.
Demand-side subsidies (Help to Buy, 5% deposits etc.) don’t fix supply, they pull purchases forward and push prices higher. The papers also flag migration policy as a major unaddressed driver during the post-COVID surge.
Mass migration is worsening the housing crisis while supply lags.
It's time to pull the lever.
Cut red tape, slash restrictive zoning and planning delays to unleash private supply. Cut immigration to levels our housing and infrastructure can actually handle. End market-distorting subsidies.
Let free markets and property rights solve it, not bigger government.
What's your solution?