For years, MB has argued that the following policy measures need to be undertaken to restore ‘affordability’ to Australia’s housing market:
- Normalise Australia’s immigration program by returning the permanent intake back to the level that existed before John Howard ramped-up it up in the early-2000s – i.e. below 100,000 from 210,000 currently [reduces demand];
- Undertake tax reforms like unwinding negative gearing and the CGT discount [reduces speculative demand];
- Tighten rules and enforcement on foreign ownership [reduces foreign demand];
- Extend anti-money laundering rules to real estate gatekeepers [reduces foreign demand]; and
- Provide the states with incentive payments to:
