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Originally Posted by fixed_truth
^Apparently the argument from the property institute is that first home buyers have less in a household then a rented household.
Which assumes that most buyers aren't families but couples going from a group flatting situation rather than from renting alone to buying. Also that these couples don't rent a room to cover costs. Would be interesting to some stats of the current situation.
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So a better metric for the argument is that putting a rental on the market reduces the number of rooms, not properties.
Fair point. But then you could argue that first home buyers typically expand to a family within ~5 years - population growth that has been absorbed without a change in the house numbers.
So, while short term, the argument stacks up - long term it all goes back to "no change".