Rebooting immigration will deliver monster housing shortage
Advertisement
The AFR is running an article claiming that “Millennials are a time bomb for the NSW property market”.
Citing a NSW Productivity Commission (PC) White Paper, The AFR claims that Peter Costello’s Baby Bonus generation will soon need their own housing, which will drive a chronic shortage of homes across Sydney in the second half of the decade.
Accordingly, drastic planning reforms are needed to increase density across Sydney’s suburbs:
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
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.