Salt of the apartment glut begs youth for bailout
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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…
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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.
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