The latest Australian Institute for Progress Housing Affordability Index shows housing affordability improved slightly in the September Quarter, 2021. This was as a result of price falls in Melbourne, while they stayed almost stationary in Sydney.
House prices are likely at a peak, with or without interest rate rises, as they nudge levels of unaffordability last seen just before the Global Financial Crisis.
Australia's two major cities, Sydney and Melbourne, are close to historical peaks of unaffordability, but Perth, Darwin and Brisbane are still reasonable to moderate.
The Olympic business model means that host cities invariably lose out. Brisbane will need a heroic effort to avoid that fate.
If the first sign of madness is doing the same thing and expecting a different result, how are we to describe the state of mind that does the same failed policy twice as hard and expects an even better result?
Other state governments should not copy this misguided tax, which will stymie development and push up house prices.
The Queensland parliament sits less time than any other parliament. What are they trying to hide?
What is clear is that by the end of the election, COVID-19 and the government's handling of it was the major issue for people changing their votes, as it was for Labor voters overall.
Presented with two parties offering no clear vision of the future, voters opted for certainty by voting for incumbents and voting for border closures.