23 July 2018
In this submission Grattan CEO John Daley and Australian Perspectives Fellow Brendan Coates argue that the Government’s draft Protecting Our Super Bill will substantially reduce the costs of superannuation, resulting in higher superannuation balances at retirement for many Australians. The Bill promises to curb egregious fees charged on inactive accounts and default insurance offered to those that don’t need it. And it may increase competition between superannuation providers a little, lowering superannuation fees.
23 July 2018
Recent Australian migrants are buying into the Great Australian Dream of home ownership. But rates of home ownership among recent migrants are falling, as they are among all Australians. Unless we build enough housing to match Australia’s growing population, all Australians, including migrants, will pay the price.
10 July 2018
This overview prioritises tax reforms by comparing how much different proposals would help the economy, repair budgets, reduce inequality, and promote housing affordability.
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.