The CAMA RBA Shadow Board is a project by the Centre for Applied Macroeconomic Analysis, based at the ANU, which asks industry and academic economists what interest rate the Reserve Bank of Australia should…
Australia’s house prices are grossly overinflated – if you believe the International Monetary Fund’s recent analysis. It says radical policies are required to deflate this emerging housing bubble, such…
It is easy to see why people are talking about the possibility of another UK housing bubble, just six years after the last crash. House prices in London, for instance, have gone up 17% in the past year…
London-based think tank Civitas has called for restrictions on foreign buyers as a solution to escalating house prices in the UK capital. They suggest the UK adopts a similar approach to that used in Australia…
Mark Taylor, Warwick Business School, University of Warwick
The Office for National Statistics has issued the welcome news that UK GDP rose 0.8% from July to September this year. This is the fastest rate of increase in the past three years and is the third consecutive…
Liberal MP Andrew Robb has criticised the rise in public debt under the current Gillard government in a recent ABC radio interview. During the interview, Robb claimed growth in public debt was excessive…
Spaniards Fernando and Sara got married in 2007. With the help of their parents, the couple bought a house in the outer suburbs of Sevilla because they couldn’t afford one closer to the city. An art history…
Few Australian housing policies are more contentious than negative gearing. Despite the publicity it has received and its popularity with government and property investors, little analysis of negative…
Five years on, the US economy remains sluggish after the bursting of a house price bubble. More recently, the focus has been on China, the world’s second largest economy, and whether it too might be overwhelmed…
Conflicts of interest undermine the quality of advice and policy. It is critical to the functioning of markets and government that parties involved are free of conflicts, especially monetary ones. We would…
Welcome to Safe as Houses, a series delving into a topic close to the heart of many Australians – property. This is not a series on where the market might be heading. Instead we aim to explore how we view…
Welcome to Safe as Houses, a series delving into a topic close to the heart of many Australians – property. This is not a series on where the market might be heading. Instead we aim to explore how we view…
Welcome to Safe as Houses, a series delving into a topic close to the heart of many Australians – property. This is not a series on where the market might be heading. Instead we aim to explore how we view…
Our Safe as Houses series delves into a topic close to the heart of many Australians - property. This is not a series on where the market might be heading. Instead we aim to explore how we view property…
Welcome to Safe as Houses, a series delving into a topic close to the heart of many Australians - property. This is not a series on where the market might be heading. Instead we aim to explore how we view…
Ian Winter, Australian Housing and Urban Research Institute
The Federal government’s Tax Forum offers a unique opportunity to begin remedying some of the inefficiencies and inequities we are witnessing in our housing system. Housing in Australia has become an unaffordable…
One aspect of housing and stock market bubbles continually repeats: the vast majority of economists either miss or deny their existence. In recent years, enormous asset bubbles have burst in many countries…
By now it should be obvious to anybody who is not a banker or a real estate agent that Australia is in the grip of a substantial housing bubble. The greatest housing-price rise in the history of Australian…
Economists and physicists may seem like unlikely bedfellows, but then opposites often attract. Their union has recently produced a peculiar baby, a field of research known as “econophysics”. Physicists…