As a single 40 something who wants to buy a shitty apartment, if this goes through I will be a life renter. Just another measure that will push up entry level prices. ‘Build more supply’ as Clare O’Neil proposes glibly, but the supply has to be where people want to (or can) live, has to be supported by infrastructure, has to be sold at a cheap price not at a price controlled by land banking property developers, and has to be of a high enough quality that it won’t be immediately red flagged by every broker in Sydney.
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As a single 40 something who wants to buy a shitty apartment, if this goes through I will be a life renter. Just another measure that will push up entry level prices. ‘Build more supply’ as Clare O’Neil proposes glibly, but the supply has to be where people want to (or can) live, has to be supported by infrastructure, has to be sold at a cheap price not at a price controlled by land banking property developers, and has to be of a high enough quality that it won’t be immediately red flagged by every broker in Sydney.