The answer may be to decentralise population out of the present capital cities. This could only be done by either:
1 create more states with tax incentives to move business elsewhere
2 Induce business to build towns with production centres, and housing estates for employees.
(an idea to build a solar electricity grid in Moree is an idea in this direction. Apparantly this type of industry would employ as many people as the coal industry does now.)
Maybe the present government’s ideas on Federalism (with 2 levels of govt) will accomplish something in this area?
Taxes will attract business into decentralisation. Businesses provide jobs in those areas?
On the housing issue, I agree with you Dave Lankshear. If housing was not an investment article, house prices would be lower, which would mean less people renting and more people owning their own roof over their heads.
House prices are still relatively low in some suburbs in Sydney. Trouble is that yuppies and newly weds want to live close to the city in high priced housing. You can buy a 20 year old 3 bedroom house on a quarter acre block in, say, Ingleburn or Minto for less than $350,000




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