Communist.And i'm not sure what happens for foreign investment. Maybe stamp duty should be waived for Australians, and increased threefold for overseas investors.
Besides, there are already not enough tradies in the building industry to get sh*t done on time. Going to need people to build all these houses that could drive property and rental prices down.
We bought a house in a suburb surrounded by farmland 20 years ago for $260k, every time the valuation went up to $280k another new subdivision went in and the price dropped to $250k again. This went on until about 2015 when all the farms had been converted to tiny blocks with boxes. Sold after my marriage went belly up in 2016 for $360k, it was on the market last year for nearly $600k.