Pretty much bang on, the RBA has essentially one tool at their disposal. Even if their decisions are perfect, poor fiscal policy will damage the economy and the RBA can at most put a bandaid on those wounds.

I agree that we definitely need more supply, but there are a few things that could happen as prices increase, eg people downsizing from large places to smaller places, and people sharing accommodation.

Also, hopefully some people will sell their Air BnBs, increasing the property on the market, they’ll probably become Air BnBs again, but maybe it will help with prices.

Again, more supply is needed, and rich investors will probably have a field day, but even if prices don’t drop, they should at least stop sky-rocketing.

I’m sure the wet lettuce is being prepared as we speak.

Easiest way to do that would be raise the tax on fuel, but that would be very unpopular.