It seems a good time to remember, in amongst the rhetoric of election campaigns that all parties will keep house prices where they are.
The way back to affordability is 10-20 years of marginal house price growth, to enable housing to come into line with long term trends. Fluctuations that are radical pose radical problems for politics. So they opt for the sustained. This is what I think Australia’s (and others) future housing comes down to the (continued) debasement of currency through broad (stealth) taxation.
What a game.
I suspect voting preferences will swing around the late 30s quite bad :-/
It’s also important to remember that Dutton (and, admittedly, every other rich fucker in parliament), who owns 26 houses have zero interest in lowering house prices.