this post was submitted on 03 Apr 2024
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Makes me wonder if Labour MPs have some shares or family ties in fletcher...
They're all landlords, so have a vested interest in house prices remaining high.
Thats true of national as well, so I imagine there must be some other conflict of interest that somehow outweighs the landlord conflicts of interest... Or maybe they've just calculated that the reduced cost of building won't really effect the housing supply too much, which would be good for landlords who want to subdivide or renovate.
Cost of building doesn't affect land values, so if your portfolio is mostly single level family homes, you don't have too much to worry about.
It kinda does to a certain extent, depending on how densely things can be built. When there's a townhouse available with double the floor area as a single family home for the same price, that's going to decrease demand for the single family house. But yeah it doesn't decrease demand a huge amount as most people still want to have a back yard if they can and banks will lend more for a standalone place because reasons.
Or maybe national mps are shorting thier stocks or investing in aussie building suppliers or something...