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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.
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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.