I am firming up on what Rudd's least painful solution is for the affordability issue.
Cap annual rent rises.
It doesn't hit PIers smack bang in the face if they are patient enough to prioritize long term growth rather than +CF.
It will reduce some of the bidding up pressure from investors...
where's your data from? especially the median prices? the most accurate info is repeat sales. other figures will be skewed by newer estates in these older cheaper suburbs. i.e. Caboolture has a higher % of new estates compared to more established middle ring suburbs. Waytown in Caboolture cannot...
