Abbott’s recipe to ruin the Australian economy

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By Leith van Onselen

As noted by Houses & Holes already, Prime Minister Tony Abbott has gone full bore for the grey vote, promising no changes to negative gearing or capital gains tax concessions, no changes to super, and now promising ever-rising house prices.

On Monday, Abbott explained why he wants to see Sydney house prices continue to rise, brushing aside concerns about declining housing affordability:

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.