

Aussie here, what’s the primary cause for your house price bubble?
Here it was a stupid LNP policy to funnel investment dollars into land banking via negative gearing coupled with a capital gains discount; we are only now starting to roll back changes from 25 years ago.
We’ve lost an entire generation’s wealth to greed.






Circling back to thank you for the candid, in-depth response.
Canada and Australia aren’t all too dissimilar, it seems.
Rampant speculation was ultimately responsible for our similar housing bubble here in Australia too. It’s taken a lot of political fortitude to introduce the necessary policies here to try and thread the needle to keep housing affordable for the population, without completely cratering values and destroying millions of owner-occupiers.
We are very lucky that our primary Conservative Party largely self-destructed last election cycle, and is too busy fighting off an insurgent far-right party to lose any threat to our (notionally) left Government.
I truly hope you guys can find your own safe path out of that minefield.