stacksatsio on Nostr: Victoria, which is already in the middle of a rental crisis, is now trying to put a ...

Victoria, which is already in the middle of a rental crisis, is now trying to put a 35m2 minimum size in place for new apartments.

We have so much land that a rental crisis is quite obviously 100% a fabrication of government intervention (the spokeshole in the article blames everyone except gov), and now they want to further restrict the supply of housing by putting a floor in place which will simply make it more unaffordable for those at the lower end of the market.

These socialist do-gooder policies which completely ignore reality in favour of empty platitudes are exacerbating the problems government created in the first place.

#AUStriches are no different to Argentinians voting for the Minister of Economy who hyperinflated the currency to become President.

quoting note169p…552n

Australia has a population density of 3 per square kilometre (Canada has 4 per sq km) and we’ve got a very similar housing crisis happening now.

Rental vacancies at 1.1% and government now doing ‘tiny houses’ and making insane policies about future builds (my state wants to add 800k homes in 10 years off a base of 2.2M).

Our government is protecting the RE bubble because we haven’t had a recession for 40 years and millions will have their entire wealth evaporated if they lose the market. They’ve gone from printing money to printing visas to keep demand insanely high