The Master Rent-Seekers Builders Association (MBA) is in full panic mode after a few builder collapses and has demanded governments take immediate policy action to bail-out the industry, including stamp duty exemptions for first home buyers and first home buyers grants. From The ABC:
OAS Group, based in Beverley in Adelaide’s west, went under this week, days after custom home builder Platinum Fine Homes announced it had entered voluntary administration.
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.