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The overwhelming majority of Australia’s top economists and housing experts agree Australian governments pay too little attention to housing system impacts on productivity and growth, according to a new survey.
In the UNSW City Futures Centre study, led by Honorary Professor Duncan Maclennan and commissioned by the Housing Productivity Research Consortium formed by a group of private sector and non-profit stakeholders, 84 per cent of respondents agreed with the statement: Australian governments have paid too little attention to how housing outcomes also affect productivity and growth.
And 80 per cent agreed that: Rising mortgage debt poses an economic stability risk to Australia.