A Harvard University professor says increasing supply and zoning can help housing affordability in Australia
Housing affordability is a continuing problem for state and federal governments in Australia.
So much so it is starting to become an electoral issue.
Professor Richard Peiser, an international housing affordability expert at Harvard University, has been surprised to find housing is more affordable in some of the ‘most expensive markets’ of America compared to Australia.
Here to deliver an address at the University of Sydney, he denies immigration has anything to do with the rise in prices, but the ‘economy being quite hot.’
‘Housing is always a preferred good,’ Professor Peiser told Ross and John.
‘As people make more money, they want to spend more of their extra income on housing.’
He says there are a series of measures the government can do to tackle housing affordability, but doing it in the short run ‘just doesn’t happen.’
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