The PM’s national cabinet housing agreement should boost supply. Now it’s over to the premiers to make it work.
If you rank our many economic problems in order of importance, the affordability of housing comes second – admittedly, a distant second – only to the need to limit climate change. And the good news is that Anthony Albanese’srepresents progress. The feds have made a start by offering the premiers a bag of money if they do the right thing.
Renting used to be seen as a temporary, transitory state. This is why state governments have never worried much about the treatment of tenants and have easily yielded to pressure from landlords to give them the upper hand. Politically, the spotlight has turned on renters because the Greens have been taking votes from the two majors by billing themselves as theMeanwhile, the nation’s economists, whose usual focus has been on the way tax and pension rules have pushed up home prices by adding unduly to theof homes that’s the problem.
Get it? “Well-located” is code for medium- and high-density housing. Most people want to live close to the centre of capital cities – or at least close to good public transport to the city – and economists now believe it’s council zoning restrictions on high-rise that’s done most to drive up home prices “where people want to live”.
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