Fasco-housing complex deploys “affordable supply” figleaf

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As mass immigration runs amok across Sydney and Melbourne, and is projected to roughly double both cities’ populations over the next half-century:

Yesterday’s AFR rent-seekers’ Property Summit demanded looser planning rules to “boost affordable supply”:

Governments need to step up their efforts to release land faster to solve the housing affordability conundrum, property industry leaders told The Australian Financial Review Property Summit.

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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.