Under the changes, investors will only be able to negatively gear if they purchase or build a new home. Advertisement“Right now you’ve got sentiment problems, you’ve got debt problems, capital problems, construction issues”, Gurner said. Therefore, the prospect of a severe price correction portends a lower rate of construction ahead. AdvertisementThe reality is that Australian homebuilders are facing a perfect storm of headwinds that are working against higher construction. AdvertisementWith the supply side of the housing market remaining constrained for the foreseeable future, the only realistic way to ‘solve’ the housing shortage is to reduce immigration, as Canada has done.