[ehnto]

Something to think about: with so few people we can only sustain a handful of metro centers, for many reasons metro centers need to be of a certain size to be effective as a hub for business, jobs, social aspects and policy making, so people gravitate to where the cities already are. So "property in a busy metro" is still a scarce resource in Australia.

Another aspect is we quite simply have an inflated market, driven by foreign investment, speculators, government policies and incentives that help investors at the expense of home buyers. We also have thousands of citizens with outsized investments in real estate, and the government is doing everything it can to make sure that house of cards doesn't topple down and cause a recession.

One of our last government's policies to "Help ease house prices" was to give grants to corporate investors, so that they could buy up land and rent it back to people. That's the kind of policy making we have here at the moment