'Worst case scenario, we close': The cost of gentrification for West End's small traders (www.abc.net.au)

submitted 2 years ago by anathema_device@kbin.social to c/brisbane@aussie.zone

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West End used to be populated by thespians and proletariats, but locals say gentrification has priced them out.

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[-] Zagorath@aussie.zone 9 points 2 years ago

The problem is that none of our levels of government actually want housing prices to fall. They’ll talk a big game about how they want people to be able to afford a home, but then turn around and reinforce to existing homeowners and property investors that they wouldn’t dare do anything to actually harm their investments.

[-] Kittybird@aussie.zone 6 points 2 years ago

This is it exactly. If they really wanted house prices to fall it's not difficult but that's never going to happen.

Just like removing negative gearing or limiting investment properties is never going to happen.

this post was submitted on 25 Jun 2023

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