Chris Richardson

you've then got to build it, right?

And that's going to take a very long time to fix.

And that is the tough news.

There is no magic wand in housing.

And I suspect the fix that it needs is not merely automatically slow because of the building process, but it has to travel through older and richer people who really do not want that sort of change.

And I'm assuming they don't have kids and grandkids, because they're clearly not worrying about them.

And the answer is, and you're seeing it in New South Wales at the moment, is they have changed the planning rules and regulations around train stations, for example.

You are suddenly getting builders going to them and saying, well, hang on, there's money if you wanted it.

We can now do stuff that we couldn't do before.

There's money here.

So there is an incentive, a financial incentive to change.

Once that change is allowed, we are not yet at the point in Australia where much change is allowed.

There's a spot I walk past in Sydney all the time.

It's a little half a terrace, and it looks terrible.

It is tiny, it is dirty, and I suspect it costs many millions of dollars.

There is no actual parking spot, but squeezed in,

under the sort of bay window there is a very expensive looking Porsche.

We are creating a first world nation that has third world housing.

And that just drives me crazy.

You know, why are we shooting ourselves in the foot like that?