CEO of Urban Taskforce Australia, Tom Forrest, today labelled the half-baked solutions being spouted by the Federal Greens Party on rent controls as unconstitutional economic madness – a one line panacea rather than a cure for the housing supply and rental price crisis engulfing Australia.
Housing supply is in crisis across most of Australia. While the problem is most acute in Tasmania and New South Wales, where both housing prices and rents have skyrocketed across those States, planning systems across Australia have failed their most basic test: to ensure there is a supply of houses to meet demand.
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