Oops, they did it again: the $320,000 hidden government costs killing off new homes
Successive governments have promised to improve housing affordability, yet few have tackled the biggest driver of new home prices: the growing burden of taxes, charges and regulation embedded in every new dwelling before a buyer even receives the keys.
Governments of all political persuasions have only added to issues around providing enough new homes for Australia's growing population. (Image source: API Magazine and Shutterstock.com)
Oops, they did it again. Apologies to Brittney Spears but that version of her song title could perfectly describe the latest efforts by a federal government to intervene in housing.
Fresh from encouraging young homebuyers to back their 5 per cent deposit scheme, they then pull the rug from under them with a package of measures designed to rapidly cool the market, leaving many with negative equity, while sellers lament the lack of buyers and falli…
