[edward28]

The problem is housing in Australia has been turned into an investment. The Howard government in the 90's gave houses only 50% capital gains tax, which puts it inline with stocks. This has led to rampant speculation in the property market and the idea the price can only ever go up.

[pan69]

I wonder if there are numbers available on this. E.g, oversimplification, if 50% of the population owns 100% of the real estate would mean that the other 50% can't buy.