@JEChalmers Seems to had been dropping before the Howard changes to capital gains in 1999. Thanks for reporting the facts. It's been dropping for 40 years through all types of taxation systems.
Why would anyone want to build a new house to negatively gear with high inflation raising material costs and houses slow to negative price growth. New houses will have a premium and will put you in negative equity as you cant sell to a investor.
Makes no sense this policy.
The video she is analysing is spot on