I've tweeted this chart before but it really isn't understood widely enough that we knocked nearly 3pp off of borrowing rates in the space of 20 years since the early 90s.
Victoria’s planning reforms are working. There's been nearly a 50% increase in Townhouse permits since last year.
Turns out it's not complicated: make building easier, and the homes follow.
In case you needed more evidence that 'Affordable' housing is an utter grift, this is how much the peak body is charging for tickets to the "Affordable Housing Investment and Development Summit"
Why do we need $4000 conferences to figure out how to charge people 20% less rent?
I did not say successfully. ABS, completions per 1,000 adults. Vic 9.15, NSW 6.35. Melbourne doesn't have a supply success story, it has a less bad shortfall than Sydney. Both are underbuilding. Supply is the foundational problem.
Fix supply constraints and the rest eases. If you can't or won't fix supply, pressure lands on demand, which is why population growth matters. And you say investors should sell to developers, agreed, so why is zoning and approvals stopping those developers building? That's the actual bottleneck.