Will housing reform create more housing or just more red tape
The government's housing reforms aim to improve affordability, but unless they increase supply and restore confidence, they risk creating a more complex tax system without solving the underlying problem.
More Australians need a roof over their head but questions remain as to whether the latest reforms will have the intended effect. (Image source: Virrage Images/Shutterstock.com)
When the Federal Treasurer Jim Chalmers opened his Budget speech he voiced three words that no economy wants to hear together: war, inflation and interest rates.
Each is a confidence destroyer. Together, they create uncertainty for households, businesses and investors alike. In such an environment, good policy should strive to restore confidence, reduce uncertainty and provide a clear framework for long-term decision-making.
That is why the housi…
