Roll of the dice turns rental market into Hunger Games

I noted over the weekend that Australia’s social housing stock grew by only 9% in the 14 years to 2020 against extreme immigration-driven population growth of 25%:

Indeed, the Productivity Commission’s recent report into Australia’s housing system noted that the federal government’s mass immigration policy has driven housing demand to the moon:

Since 2000, immigration has added nearly 4 million people to the Australian population (ABS 2021h; PC 2016a, p. 95), and the majority of immigrants have settled in either New South Wales or Victoria…