The Latest Breaking News from Peter Tulip

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

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

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.

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.

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

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