Economist Saul Eslake has told the Australian Securities & Investments Commission’s (ASIC) annual forum that policies aimed at helping residential investment – such as negative gearing and allowing self-managed superannuation funds (SMSFs) to borrow and invest in residential property – have helped contribute to housing unaffordability, as well as facilitated the accumulation of mortgage debt. From The AFR:
Allowing self-managed superannuation funds to borrow and invest in residential property was one of the “most redundant” policies introduced in Australia, …Saul Eslake says…
