Real estate economics:

Apartment developers prioritise housing needs of mega rich over regular Aussies (developers are catering to a new super elite trend in apartments for rich buyers, putting homes further out of reach for regular Aussies)

https://www.news.com.au/finance/real-estate/buying/apartment-developers-prioritise-housing-needs-of-mega-rich-over-regular-aussies/news-story/0bdb9623fba7e0afb3c5bdcba2bac107

question:

1. Who are the main parties that affected by this situation? Give a clear description of how and why they are affected. (Who or which agents are affected by the change in the economic environment or policy covered in the news? How are these agents affected? What are the positive and negative effects of the policy (or change in the economic environment) covered in the news? )(with graphs)

2. What potential policies can the government adopt to remedy this situation? Describe different policies and show how they would solve the problem. How would these policies affect on other related markets? Please explain any possible pros and cons of each policy or regulation. (What other policies (at least two) could be implemented to solve the problems raised by the change in the environment or policy discussed in q1)

3. What would be the best policy to solve the issue in this case? (it could be a policy mix) and why you have included the policies you have over the ones you have not.

Just provide a general idea and reference thx