Can economists help fix the housing crisis?

Danielle Wood Productivity Commission Housing Sect News

Can economists help fix the housing crisis?
Danielle WoodLaura TingleProductivity Commission Future Made In Australia
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Sarah Ferguson presents Australia's premier daily current affairs program, delivering agenda-setting public affairs journalism and interviews that hold the powerful to account. Plus political analysis from Laura Tingle.

LAURA TINGLE: The economic historian Robert Skidelsky titled a volume of his biography of John Maynard Keynes, 'The Economist as Saviour' and economists certainly played a huge role in shaping the second half of the 20th century. Where did it all go wrong?

So, there are valid criticisms but overall I think economics has been a force for good in the Australian economy over recent decades. We have really welcomed the focus of both the Commonwealth and a number of the state governments on supply and particularly the emphasis on reforming planning systems to build more houses close to jobs, close to amenities.

So frankly, we think governments need to move on all of those fronts. It's not going to be a quick fix unfortunately, but we didn't get into this problem quickly so we're not going to get out of it quickly. DANIELLE WOOD: Migration clearly does contribute on the demand side. We're coming out of a very unusual period where we had borders closed and then reopened. So, we had a catch-up in migration levels.

DANIELLE WOOD: Look, I mean, I think the Albanese Government would say this is only one part of the arsenal that we have. We absolutely need to transform our economy to meet the net zero goals, to do our part in the global move to try and combat climate change.

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Danielle Wood Laura Tingle Productivity Commission Future Made In Australia Housing Policy

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