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Homeownership and supply

Michael McLaren

Jason Falinski MP, Liberal member for Mackellar & Chair of Standing Committee on Tax and Revenue, joined Michael to discuss his recent SMH opinion piece about homeownership.

 

Mr Moy writes, ‘There are many stories in the media of houses selling $1 million above market. This is not a well-functioning market; it is a sign that buyers are desperate.

 

‘Why has the Australian housing market gone as wrong as the food tech assignment?’

 

‘Here is a summary of the usual suspects: property speculators (however, the proportion of property investors has been at record lows), net migration (for the last 18 months net migration has been zero), interest rates and the tax system turning housing into a speculative asset.’

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Michael McLaren
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