Paul Scarr (Queensland, Liberal Party) Share this | Hansard source

Thank you, Mr Acting Deputy President, for your usual firm hand in this place. I do appreciate it. Let me quote from this book.

Nine years after the end of World War II, not a single new building had been built in Melbourne, Australia, because of rent control laws there which made buildings unprofitable.

That's what happened. They introduced rent control in Victoria at the time of World War II, and not a single new apartment building was built, because it wasn't profitable to do so.