Dear GMS, if you do get voted into parliament, which I am praying that you do, plse put a proposal that would change housing policy to mimick that of australia.
In australia, non-citizens can only buy NEW developments ,and they can only sell to Australian Citizens. This creates jobs for australians while protecting the citizens from speculation by foreigners. Hence, prices will rise only if Australians can afford it.
In land abundant australia, even their Gov protects its citizens through such forward looking policies.
Australis's ppty boom is fueled more by a strong economy and high demand for commodities than from foreign speculation/Gov intervention.
In australia, non-citizens can only buy NEW developments ,and they can only sell to Australian Citizens. This creates jobs for australians while protecting the citizens from speculation by foreigners. Hence, prices will rise only if Australians can afford it.
In land abundant australia, even their Gov protects its citizens through such forward looking policies.
Australis's ppty boom is fueled more by a strong economy and high demand for commodities than from foreign speculation/Gov intervention.