In regard to Australian housing there are a number of factors, negative gearing and CGT discounts on unlimited numbers of properties, developers holding property undeveloped, great increase in flipping, and yes, Immigration well above average levels also impact.
I am not anti immigrant to want to discuss an appropriate level of immigration to Australia, neither does it make me communist to want to discuss limits on housing investment tax breaks. Our kids should have opportunity based on effort and balanced policy, not quickest on the draw or family wealth.
We don’t have a large holding of publicly owned housing in Australia, and allowing the alternative to become unaffordable is inhumane. btw, I am married to a child of immigrants and my daughter is married to an immigrant. I think I am evidently not exclusionary, only hoping that I am sensible.