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Australian housing market: Abolish negative gearing. double capital gains tax to 1999 levels, abolish first home owners grant, abolish low deposit loans and abolish the builders boost. Tax capital gains on the sale of the family home (if you want to make housing fair, you have to do this). Relax zoning laws. Make immigration net zero and ban foreign purchases of Aussie property. Free the Australian housing market of all subsidies and tax breaks and make it a free market for Australians only. Return to the median house price to median wage multiple of 3 X. Teach Classical economics in high school. Recessions are normal. Price falls are normal. Price falls allow new entrants into markets.