Part 8/9:
The Australian government's move may satisfy a public demand for action against rising home prices, but history and economic principles tell us that such measures are likely to exacerbate the issues rather than resolve them. Policymakers must resist the temptation of quick fixes that harm market functionality. Instead, focusing on deregulating the housing market, relieving bureaucratic burdens, and fostering a competitive real estate landscape will present a more sustainable path to alleviating housing affordability challenges.