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Australia’s real estate treasurer, Scott Morrison, last week launched another distraction on the issue of housing affordability, promising to visit Britain to gain ideas on how to revamp Australia’s existing $1.4 billion National Rental Affordability Scheme (NRAS) in a bid to encourage more private investment in rental accommodation. From The Australian:
The Treasurer is examining overseas programs that have unleashed billions of dollars for rental homes, promising new ways to expand supply in cities just as house prices hit new highs.
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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.