Experts concerned Treasury’s dependence on ‘cheap money’ will ratchet up house prices
By Maja Garaca Djurdjevic
15 February 2021
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1 minute read
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Housing experts and economists are concerned that the Treasury’s ongoing dependence on “cheap money” policy will further ratchet up house price and widen the gap between rich and poor.
Housing experts and economists have hit out at the government over its perceived lack of attention in regard to the impacts the housing system poses to economic productivity and growth.
A UNSW Future Centre study, commissioned by the Housing Productivity Research Consortium, found that 84 per cent of the surveyed 47 leading economists and 40 senior experts from government, industry and academia agreed that Australian governments have paid too little attention to how housing outcomes affect productivity and growth.