The Great Divide Quotes

“The way real estate works in Australia is that the federal government and banks encourage demand for it and state and local governments restrict the supply of it. The states restrict supply through zoning, and local councils do it by their planning decisions every day. Federal government decisions increase demand for housing in four main ways: first, through interest rates; second, with immigration; third, with tax breaks for investors and home owners; and fourth, with grants to first home buyers.”
― Alan Kohler, The Great Divide: Australia's Housing Mess and How to Fix It