Australia is not America, nor Germany, nor Japan. Australia has a popln growing at 1.6%+, the others range between -0.3% and 0.6% Australia is guaranteed to continue it's growth rate for another 25 yrs, others are trying to remain stable or v. slightly +ve Australia houses 40% of it's popln in 2 major cities - others have 5% in their 2 largest cities Australia houses 70% of it's popln in urban areas - others have ~20% Yields in Oz are less than the cost of funds, elsewhere they are (significantly) higher Australia has v. restrictive planning laws, others not necessarily so. Australia hasn't reached economically ideal popln mass yet, the others have. Any debate must consider the underlying facts, rather than a policy that was designed for a completely different set of circumstances. These differences are significant, and any policy outcomes can be expected to be significantly different.