It’s raining “announcables” at the moment, with interesting developments this past week on the housing and finance front as city, state and federal Governments continue to poke at the broken system. Schemes include, government buying off the plan to give construction firms a leg up, cheap housing for essential workers, changes to lending rules, higher council rates for investors, and further crackdowns on airB&B.
While these may sound attractive from a media positioning perspective, they will hardly move the dial on the broken housing system in Australia. It’s a case of fiddling while Rome burns.
In fact, for more on the broken system, join me on my live show next Tuesday evening at 8pm Sydney, when I will be joined by Leith Van Onselen, Chief Economist at Nucleus Wealth as we discuss “The Great Housing Poker Game”.
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Today’s post is brought to you by Ribbon Property Consultants.
