Why Aussie politicians always pump house prices (Leithvo)

This interview with Steve Austin at ABC Radio Brisbane explains why politicians continue to implement self-defeating demand-side policies that pump up house prices.



The politicians are housing investors. Half of them own multiple properties. They want prices to keep rising. To do this they're happy to keep housing demand high through the facilitation of enormous mortgages and mass migration (bringing in foreign capital and multiple occupancy dwellings). The easiest way of easing housing demand is to simply cut immigration. However, the self serving toads in power are loathe to do this, so kicking them out of office at the next election is imperative. 

[Posted at the SpookyWeather2 blog, October 17, 2025.]