CBA schools Coalition on housing

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By Leith van Onselen

With speculation rising that the upcoming May Budget will include stimulatory demand-side policies targeting at first home buyers (FHBs) under the guise of ‘housing affordability’, CBA chief Ian Narev issued the following veiled warning at yesterday’s House of Representatives Committee. From The Australian:

Commonwealth Bank chief executive Ian Narev has warned the government not to try to make homes more affordable by “tinkering” with policies, arguing a piecemeal approach “could create short-term distortions” that “would concern us significantly”.

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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.