Tuesday, July 10, 2007

Published letter - Housing Cost

The North Shore Times published this letter on 13 June, but without the last two sentences (in italics).

The reason for skyrocketing rents and housing costs ("Pack your bags", Times 6 June) is quite simply the time-honoured principle of supply and demand. The 2003 report of the Productivity Commission reveals the NSW Government has artificially strangled the supply of land available for residential use. This has been done to drive high-density into communities. The result is an inadequate supply of land for accommodation, the price of which has risen and become unaffordable for many. These unfortunates now have no option but to move out of the region. The advocates of high-density can be proud of themselves.

Tony Recsei

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