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The Latest Breaking News from Peter Tulip

Supercharged inequality: rich investors stifle budget

Almost a quarter of the benefit of the capital gains tax discount goes to just five of Australia's wealthiest electorates, entrenching inequality, critics say.

AAP

The 'obvious and easy way' to help boost housing supply

More than 80,000 sorely needed homes are unable to be built due to a lack of investment in power, roads and sewers, councils say.

AAP

NZ offers blueprint for home-building productivity fix

Australia should follow New Zealand in reforming zoning rules to boost limp construction productivity and expand housing supply, leading economists say.

AAP

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Labor’s first home buyers scheme a ‘backwards step’ likely to push prices higher, experts warn

Treasury estimates new policy will only add 0.5% to home prices over six years, but some experts disagree

The Guardian - AU

Big ideas to fix housing left untouched at roundtable

Plans to improve housing supply have emerged from the productivity roundtable, but economists say they won't fix the biggest issues affecting affordability.

AAP

Red tape and silver bullets: tough task for housing fix

Governments are taking aim at red tape to fix a chronic undersupply of housing in Australia but the industry warns cultural issues will be harder to fix.

AAP

Transparency boost: Reserve Bank homes in on key change

The Reserve Bank is likely to implement a key outstanding recommendation of a review into its operations, bringing it in line with international counterparts.

AAP

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Reserve Bank tipped to cut cash rate amid growing confidence Australia’s inflation is being tamed

Market pricing implies 95% chance of quarter point drop to 3.85%, but there’s also speculation of surprise bumper half percentage point cut

The Guardian - AU

Who actually benefits from the Coalition and Labor’s housing policies?

Both parties have pitched their plans at renters and low income earners – but experts doubt either approach will help many enter the market who weren’t already able to do so

The Guardian - AU

Super housing scheme could shave years off home wait

Australians raiding their super balances for housing could boost home ownership but may result in a jump in prices, economists say.

AAP

Apprentice incentive not enough to meet housing targets

Despite the Albanese government's well-meaning rhetoric, its policies and results reveal a failure to fix housing affordability, a housing expert says.

AAP

Rate cut delay bolsters case for experts on RBA board

The RBA's gradualist approach to tackling inflation has left it lagging the world on rate cuts and should make it reconsider its strategy, economists say.

AAP

Nimbys v Yimbys: the affluent inner Melbourne suburbs that aren’t pulling their weight on housing

Exclusive: Housing advocacy group says amenity-rich eastern suburbs must be rezoned to accommodate thousands of new homes

The Guardian - AU

Older Australians may win big from homebuyer scheme

Australians expected to retire in the next decade could avoid the renting on a pension thanks to the government's first homebuyer scheme.

AAP

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ABC News

The criticisms behind the Reserve Bank review's recommendations for a new board, updated mandate

The Reserve Bank review wants to remove economic prosperity as an objective of monetary policy, with some economists arguing house prices and household debt are outside its domain.

ABC News

Will the Reserve Bank review achieve anything? What difference could it make to interest rates?

A government-ordered review of the Reserve Bank — the first in more than a generation — is expected to ask searching questions of our key financial institution. The leadership of the central bank, the composition of its board, missed targets and broken promises are all elements under examination.

ABC News

Boomers, Generation X or Millennials: Who has it worse when it comes to buying a home and paying it off?

With more interest rate rises on the cards on Tuesday, and potentially later this year, the journey towards home ownership will take far longer.

The Conversation

Open letter: the RBA review needs to be completely independent of government

This is the text of an open letter from 12 leading economists, sent on Sunday:

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