alt Hacker News> Population growth from international students has ruined Australian housing.
If that is so, why is Australia's housing problem Australia wide and not isolated to high student population locations?
Australia's problem with housing is Australia hasn't/doesn't treat housing as housing, they have treated it as a tax efficient investment vehicle with negative gearing.
Replies
RileyJames • today at 8:21 AM
And would you believe, now that those tax policies have been changed the house price is going down…
btro • today at 8:50 AM
The reason there is a housing problem is that you cannot build houses as quickly as people can (and do) arrive by plane and settle permanently in a country. It is primarily, though not entirely, an immigration problem.
I don't know about all the factors. But I know we had the same debate in Canada recently. And yes rent prices in Toronto and most major cities declined noticiby immediately after we introduced caps on international students.
Also I worry some people in these discussions might be speaking out of a worry about preventing racism which distorts discussion of the issue at hand - the effect students have on housing prices