Australia’s non-productive housing obsession

Advertisement

By Leith van Onselen

Charis Chang has published a well argued post at News.com.au today lamenting the high cost of Australia’s housing obsession, which is starving the productive economy of capital:

AUSTRALIA spends 20 times more money on subsidising negatively geared property than funding start-up businesses and this could cost us jobs and our economic future, one senior financial analyst says.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.