John Hewson lashes Coalition’s FHB subsidy

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Former Liberal leader, John Hewson, has joined the conga-line of analysts lashing the Morrison Government’s first home buyer (FHB) deposit guarantee:

A key federal government policy on housing affordability is little more than “an election sop”, while piecemeal policy and a lack of forward-thinking are crippling both state and federal responses to the issue, former Liberal leader John Hewson says…

“All they’re doing is saying we’re giving you lower interest rates or tax cuts. But they’re not solving any of these problems,” Dr Hewson told Domain on Tuesday.

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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.