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Peter Swan: NSW University Emeritus Professor on the housing changes in the Australian federal budget
Published 1 month, 2 weeks ago
Description
In Australia, housing supply is emerging as a key issue, for yesterday's new Labor Government Budget.
It's raising taxes on investment properties and some trust funds - to give working Australians a $250 tax break.
35,000 fewer homes are expected to be built, despite net migration of 300,000 people a year.
New South Wales University Emeritus Professor, Peter Swan, says they're destroying the rental industry.
"All citizens are going to have to put up with much higher inflation - not due to the war, but due to excessive Government expenditure."
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