The quick, simple and effective answer to Australia’s housing crisis is right on our doorstep

Abstract

A short plane ride from here, a city once crushed beneath the weight of skyrocketing rents and eye-watering property prices has found a solution to the type of housing crisis plaguing Australia’s major cities.

While bold and quite controversial, the fix was relatively simple, quickly implemented and highly effective, dramatically boosting housing supply in a short period of time.

As a result, rental prices came down and runaway home price growth stabilised. It’s the kind of scenario millions of Aussies would warmly welcome, given the dire state of housing across much of the country.

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