Description
International surveys show Australia has the most "unaffordable" housing in the world. Now a reported property bubble – coupled with rising interest rates – are applying further pressure. With too few houses being built to meet demand, it's widely agreed that the housing crisis must be addressed, but how? Australia's Future Taxation System Review, chaired by retired Treasury chief Ken Henry, recommended eliminating stamp duty on house sales. However, Henry review panel member, John Piggott, an economics professor at the Australian School of Business, says keeping the dream of home ownership alive is much more than a tax issue.
Many of the world’s economies are still struggling to recover from the
global financial crisis. The threat of a crisis Mark II is not out of
the question, though it’s unlikely, says Anne Krueger, a former chief
economist of the World Bank, and first deputy managing director of the...
Published 10/04/12
Australia, with its sound and well-managed financial system, stands to
reap significant benefits from the economic growth in Asia. But a key
question remains: how should Australia position itself in the Asian
century? Reaching a consensus on this is crucial, according to Masahiko
Takeda,...
Published 10/04/12