Indeed, treasurer Josh Frydenberg remarked back in June that the rise is good for the economy. The federal government extended lukewarm sympathies for those who are struggling to get a foot in the property door for the first time, while merrily pointing out that many households are gaining from continued property price inflation. Therefore, price hikes are here to stay because simple solutions – such as building more houses and properly taxing property investments – are not as politically sound. That’s the reality of things: those with power and money impact the market more than those without. That’s why the winners become fatter winners and the losers continue to lose. What we are facing today is not an unsolvable crisis, but there is a lack of willingness to solve it among those in a position to do so.
olddogthoughts 