| New government (that Elon Musk himself congratulated) has terminated tons of projects and rolled back some laws: - Removed EV subsidy - Scrapped Lake Onslow seasonal pumped hydro storage - Removed generational smoking ban (made it to 18yo like most countries) - Gave 50% discount to heated tobacco products (aka IQOS) - Gave a tip whose projects will be fast tracked - Reduced housing insulation minimums - Terminated new inter-island ferry project to replace aging ferries (tbh this one was getting out of proportion) - Reintroduced tax interest write-off for landlords who rent their houses - Removed free school launches for poorest country schools Their goal was to end government spending, but giving $2b+ to countries richest people seems opposite. And to give them credit here's couple of good things that will definitely help property market: - Ability to import abroad-certified building supplies (atm there's a building supply monomopoly) - Ability to build up 60sqm backyard homes without consent - Densification plans |