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I agree that skilled tradespeople are in shortage, but I think that the land component underpins the current high property prices to a greater extent than price of the building on it. I think there are measures that could be enacted (via the tax system and other means) that could encourage...

My feeling is that the FHOG benefits few, and infact disadvantages most first home owners and many investors. It is true that the FHOG helps first home buyers compete with buyers who already own property, but it is a largely self defeating measure to improve affordability for first home owners...