Kotoyebe, you a realo by any chance?
Rents have skyrocketed in the last 12 months
Maybe you can provide some proof for that (from a reputable source with some data behind it, Herald Sun or the Aussie Realo Club won't do), 'cause it seems to me, looking at the ABS data on page one of this thread, that rents have been rising moderately in relation to inflation, nowhere near "surging" like house prices..
There's no doubt that housing is in short supply, and here's a novel idea: Why wouldn't the government increase supply by releasing land quicker and reducing red tape to enable faster and more profitable development?
But I guess
PR stunts like the one we just saw just plays better with the voting public in the short term
Let's see how the voters thinks at the next general election when they're sitting on negative equity