Given the following.....
ANZ chief economist Saul Eslake, who spoke at a housing conference in Melbourne yesterday, said the way to deal with affordability was to increase stock rather than put more money into buyers' hands.
He said government actions such as increasing first-home buyers' grants, stamp duty concessions or rent assistance would inevitably result in dearer houses. "Policies which work only on the demand side of the housing market are doomed to fail," he said.
"Instead, policy needs to focus on increasing the supply of housing — particularly low-cost housing — and reducing the time taken to bring land and housing to market."
Source: The Age 9/3/2007 The Great Australian struggle
How is this ie link below a serious option? Is a shared equity policy with the government as partner the best use of tax payer's funds on this issue?!!
http://www.theage.com.au/news/natio...wnership-scheme/2007/03/08/1173166895533.html
ANZ chief economist Saul Eslake, who spoke at a housing conference in Melbourne yesterday, said the way to deal with affordability was to increase stock rather than put more money into buyers' hands.
He said government actions such as increasing first-home buyers' grants, stamp duty concessions or rent assistance would inevitably result in dearer houses. "Policies which work only on the demand side of the housing market are doomed to fail," he said.
"Instead, policy needs to focus on increasing the supply of housing — particularly low-cost housing — and reducing the time taken to bring land and housing to market."
Source: The Age 9/3/2007 The Great Australian struggle
How is this ie link below a serious option? Is a shared equity policy with the government as partner the best use of tax payer's funds on this issue?!!
http://www.theage.com.au/news/natio...wnership-scheme/2007/03/08/1173166895533.html
