Professors: Property bubble has engulfed society

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Forget blue or white collar workers – our society is now broken down by the size of our investment housing portfolio.

New research by academics at the University of Sydney suggests the office room debate about property prices and Australians’ intimate understanding of negative gearing points to how we have become an “asset society”.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.