Scott Morrison should read own housing affordability report

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Prime Minister Scott Morrison yesterday attacked Labor for claiming that the Coalition’s policy to allow first home buyers to borrow up to 40% of superannuation to purchase their first home would “blow up the housing market”:

[Morrison] took a swipe at Labor’s criticism of the policy, saying the party had “lost touch completely” after it argued the plan would “blow up the housing market in Australia”.

“The most important investment you made in your entire life as a family is owning your own home,” Mr Morrison said.

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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.