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.
