Canada did this with a housing accelerator fund, for municipalities. Did not amount to much of anything. It's not clear if provinces can override but there's no political will for it. Without reading the numbers for Australia, I expect reform has been modest.
> Less immigrants makes the house situation better but not does not solve the problem.
You contradict yourself in the same sentence. The same result can be achieved whether improving elasticity or reducing the immigration rate. "the problem" is the affordability, not the elasticity. That is your just preferred vector.
Even if zoning is improved, you can't defy the laws of physics; housing will still be relatively inelastic, whereas immigration rate can be much higher.
Australia's population growth rate was less than 1% last year, basically on par with US. Canada's was 3%. Incomparable. No amount of zoning reform will be enough to handle that sustainably.
Canada did this with a housing accelerator fund, for municipalities. Did not amount to much of anything. It's not clear if provinces can override but there's no political will for it. Without reading the numbers for Australia, I expect reform has been modest.
> Less immigrants makes the house situation better but not does not solve the problem.
You contradict yourself in the same sentence. The same result can be achieved whether improving elasticity or reducing the immigration rate. "the problem" is the affordability, not the elasticity. That is your just preferred vector.
Even if zoning is improved, you can't defy the laws of physics; housing will still be relatively inelastic, whereas immigration rate can be much higher.
Australia's population growth rate was less than 1% last year, basically on par with US. Canada's was 3%. Incomparable. No amount of zoning reform will be enough to handle that sustainably.