Property locusts demand housing bail-out

Sunday 25 November 2018

With property prices and transaction volumes plummeting across Sydney and Melbourne:

Australia’s property industry locusts are in full panic mode and have demanded governments take immediate policy action to prevent a housing market “free fall”, including by increasing immigration, relaxing foreign buyer restrictions, stamp duty cuts, and limiting the supply of new homes. From Realestate.com.au:

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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.