View Single Post
Old 19-04-2017, 08:42 PM   #32
Doreturnonfoot
Regular Member
 
Join Date: Nov 2015
Posts: 69
Default Re: Australia housing bubble

I put it down to ; gst - on both the land and the building for new builds
Local council fees and developer contributions that are generally based on for profit private business rates.
stamp duty and commission are a deterrent against downsizing for smaller households.
lack of tradespeople driving up rates
increasing price of materials.
Also the quality of new builds - that is the higher quality inclusions people get the more expensive it is.
The solution - hecs or help style govt loan for the first 10% for first homebuyers. This is paid back via increased tax depending on income level.
Plus funding for apprentices wages - equivalent to the dole to get employers to take them on.
Doreturnonfoot is offline   Reply With Quote