Housing affordability in Australian cities

Just luck till now: Long-term policies urgently needed*

It’s the time to focus economic stimulus packages and trade windfalls on building strategic industries instead of relying on another property and construction boom to reduce unemployment and to return to a flawed economy post-covid.

Terry McCrann, economics commentator for The Australian, recently warned that Australia’s current prosperity is built on three short-term factors: the Reserve Bank of Australia flooring interest rates almost to zero; a couple of trillion dollars in federal gov…

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