22 November 2017
Improving affordability will require policies affecting both demand and supply. Reducing demand – such as by reducing the capital gains tax discount and abolishing negative gearing – would reduce prices somewhat. But in the long term, boosting the supply of housing will have the biggest impact on affordability.
22 November 2017
If the Prime Minister pursues the sugar hit of tax cuts without the difficult work on paying for them, then politics will once again have trumped policy and the economic future of today’s young Australians.
26 October 2017
If we want cheaper housing we have to build more of it: submission to the NSW housing supply inquiry
NSW housing has become increasingly expensive. The NSW Government needs to act decisively to boost the supply of land to make housing more affordable. Increasing housing supply will only restore housing affordability slowly – but without a concerted effort to boost housing supply in Sydney and surrounds, housing affordability in NSW will only get worse.
2 October 2017
Australia is becoming wealthier, but much of the increase is concentrated in the hands of older generations. The trend is unmistakable: unless something changes, the young will fall further behind and inequality will get worse.
27 September 2017
Tax expenditures are inherently more difficult to measure and observe than government spending. They do not attract the same scrutiny despite their often large budget impact. John Daley and Brendan Coates address three particular issues in response to the Treasury’s Tax Expenditure Statement (TES) Consultation Paper and presents their views on whether and how the TES can be improved.
17 September 2017
Malcolm Turnbull be warned: the wealth gap between young and old Australians is getting wider and it could transform our politics.
28 August 2017
Nearly all economists advocate introducing a general property tax in place of stamp duty. But in Australia, only the ACT Government has made the move. In this presentation, Brendan Coates shows how out state governments can balance policy principle with political realism to make real progress on property tax reform.
20 July 2017
Australia has a budget problem: Treasury repeatedly over-estimates future budget balances, which encourages forecast-led denial about the need for budget repair. In this background information for a talk at the Economic and Social Outlook Conference in Melbourne, Grattan CEO John Daley calls for correctives and asks some tricky questions about fiscal stimulus.
18 July 2017
The Association of Superannuation Funds of Australia (ASFA) has accused the Grattan Institute of using flawed analysis about Australians’ retirement incomes. It’s just the latest example of the superannuation industry preferring its own straw men to some uncomfortable truths.
1 July 2017
Victorian government’s changes to stamp duty will help existing property owners, not first-home buyers
Grants for first-home buyers are politically popular, but they won’t make much difference to housing affordability. With home ownership rates dropping, voters are likely to judge Premier Daniel Andrews and his government on that score soon enough.