Quote:What a great idea, that should make it cheaper to build a house, electricians, carpenters, bricklayers will all build houses cheaper because they have ended negative gearing, banned air B&B's and stopped land banking.
Wait a couple of years. Ai/robotics building shelter. Ai/robots moving closer and closer towards free labour. Owning the companies and supply chains so collapsing the profit margins, pushing human businesses out. Fingers crosses, Ai rather than redesigned cities, will decentralised living so cities can be migrated away from.
Labor collapsing building standards will not help current supply chains. You can't build low quality humpies if you don't have the materials.
Labor is not serious about rectifying current shelter issues. They are just paying back favours for party donations.
Way forward in the short term to lower the cost of shelter is via market manipulation. i.e banning airbnbs and land banking, reducing immigration, ending negative gearing, foreign ownership, and so on. This will help to decrease demand for urban sprawl without services.