Scott Morrison to introduce ‘cradle-to-grave’ housing distortions
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Australia’s real estate treasurer, Scott Morrison, is clearly getting desperate on housing affordability, promising to introduce a bunch of ‘cradle-to-grave’ bribes and distortions into the market in the upcoming Federal Budget. From The Australian:
The Turnbull government will pursue a “cradle-to-grave” housing affordability package in the budget likely to include a mutual-obligation superannuation plan for first-home buyers, tax breaks for downsizing the family home in retirement and a social housing plan to alleviate rental stress.
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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.