7 June 2018
The conventional wisdom among many affordable-housing advocates is that most new housing built in Australia is too expensive for low- and middle-income earners. This conventional wisdom is wrong. Grattan Institute’s new analysis shows that most new houses are being built in cheaper-than-average suburbs on the fringes on our major cities.
29 April 2018
Australia has got superannuation policy wrong. The bipartisan plan to increase compulsory super contributions to 12 per cent will reduce wages today, do little to boost the retirement incomes of many low-income workers, and cost the federal budget billions now and well into the future. If politicians really want to help low-income earners, the planned increases should be scrapped.
13 March 2018
Protest politics is on the rise in Australia. At the 2016 federal election, votes for minor parties hit their highest level since 1949. More than one in four Australians voted for someone other than the Liberals, Nationals, ALP or Greens in the Senate, and more than one in eight did likewise for the House of Representatives.
5 March 2018
So much of Australia’s history and success is built on immigration. Migrants have benefited incumbent Australians by raising incomes, increasing innovation, contributing to government budgets, smoothing over population ageing and diversifying our social fabric. But it is also true that immigration is affecting house prices and rents.
5 March 2018
Two decades ago, then NSW premier Bob Carr famously declared that Sydney was “full”. But more people came anyway. House prices rose. Now, opposition to development is rising again. Unless today’s generation of politicians stares down the NIMBYs, Sydney will repeat the mistakes of the past, and housing affordability will get worse.
4 March 2018
When it comes to making housing affordable, Melbourne has always done it better than Sydney. Sydney’s geography may be spectacular, but it’s bad for building housing. Ocean to the east, mountains to the west, and the Ku-ring-gai national park to the north limit Sydney’s urban sprawl. Whereas Melbourne can build more – and cheaper – housing on abundant greenfield land closer to the city.
12 January 2018
The debate over negative gearing illustrates a broader problem ignored by many affordable housing advocates. While negative gearing and a number of other housing tax reforms are definitely worth pursuing, they alone won’t solve our housing affordability crisis.
5 December 2017
Around the world, many are concerned that competition is waning. They say large firms are dominating markets, pushing up prices and profits, squeezing suppliers, and slowing growth in wages and productivity. They point to the consolidation of old industries and the rise of new technology platforms. Back at home, Australia is often said to be the land of the oligopoly. But is competition in Australia really weak and getting weaker?
16 November 2017
Australians have overwhelmingly voted “yes” for same-sex marriage. This means politicians will have to give up relying on the myth that a cultural backlash against the progressive agenda is driving voters to minor parties.
10 October 2017
Conventional wisdom tells us that the global population is ageing, governments won’t be able to afford future pension and health care costs, people won’t have enough for their retirement, and governments should encourage people to save more. But in this presentation, Grattan CEO John Daley shows that, at least for Australia, the conventional wisdom is wrong.