Salt of the apartment glut begs youth for bailout

Advertisement

By Leith van Onselen

After appearing to have had second thoughts on whether a Big Australia is actually in the nation’s best interests, KPMG’s Bernard Salt has penned a post in The Australian today, entitled Forget the bubble babble, a slice of paradise is worth every penny, imploring young Australians to buy an apartment, which he claims will eventually be made profitable via endless population growth:

There is much hype and consternation about the apartment ­market. Constant reference is made to a so-called bubble…

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.