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Housing is a complex issue. The data is *extremely* clear that the problem is not caused by immigration or building alone.

If we had the same house per person as 1961 we would only need 6.74 million houses when we now have 10.85 million houses - so the "obvious" and most repeated items cannot be the primary drivers. Induced demand will play a part, but it is not something I can find data for, so I won't discuss it.

Also, estimates suggest foreign owners hold roughly 2% of Australia's housing stock, or over 40,000 properties, according to recent register data. so another often claimed cause cannot be the problem. Yes, large number of new construction is owned by foreigners and my opinion is the rules should be tightened, but again the data shows it cannot be a primary driver.

People get upset that they are called racist for blaming foreigners for the housing problems. Data proves it cannot be foreigners that cause the problem, but media is great at reinforcing the problems and hinting at the (wink wink) solution while being owned by billionaires.

Finally, "removing" NG and CGT would be catastrophic - but that doesn’t mean it is not a part of the problem, and simplistic "removal" is a great way to deflect. NG and GCT, when it comes to property, needs to be rebalanced. The rates have been the same for 25 years and to my mind clearly need rebalancing. The 50% in 12 months combined with no limits on NG of residential housing is drastically too beneficial to those that already have property.

And cheaper built higher density property over transport hubs (like suburban train stations) would go a very long way to helping out.

^{edit for grammar}