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well .toe it all comes down to incentive and revenue. The State Government's taxing power is quite limited - their main source of revenue comes from GST + land taxes. Land taxes are based on property values so of course they want to push prices upward. However, there isn't a lot of land in the...

Isn't it better to say that housing starts have stayed flat because all the new housing estates are situated in places like Cranbourne, Point Cook, Lyndhurst etc. which are very far away from the CBD and hence not as desirable to purchase? People would rather pay more and buy more inner-city...