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NG has little effect on the supply side while it also applies to existing dwellings. It has only a secondary effect as property prices rise generally development becomes more lucrative, but the government then has its way with levies, aneamic land release and red tape to ensure the supply...

I think for Australia you have to factor in a very high incompetance factor as well around government. There are in Australia 0.15 useless politicians / public servants per sq.km in this country making things very difficult for people wanting to get stuff done. Singapore even for it's...

Agree with peoples sentiments about the high prices in Sydney then moving onto, brisbane, Perth, Melbourne etc the thing is though I reckon Sydney is different. The regulatory landscape around development is atrocious. Land release does not keep up meaning developers are over the barrel...