alt Hacker News> Population growth from international students has ruined Australian housing.
If that is so, why is Australia's housing problem Australia wide and not isolated to high student population locations?
Australia's problem with housing is Australia hasn't/doesn't treat housing as housing, they have treated it as a tax efficient investment vehicle with negative gearing.
Replies
btro • today at 8:50 AM
The reason there is a housing problem is that you cannot build houses as quickly as people can (and do) arrive by plane and settle permanently in a country. It is primarily, though not entirely, an immigration problem.
And would you believe, now that those tax policies have been changed the house price is going down…