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The Master Rent-Seekers Builders Association (MBA) is in full panic mode after some more 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:
Two more South Australian building companies are facing collapse amid ongoing pressure from the national housing downturn.
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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.
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