Do-nothing Coalition spouts more housing affordability drivel

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By Leith van Onselen

Angus Taylor, the Assistant Minister to the Prime Minister with responsibility for cities, is the latest Coalition MP to badly miss on the issue of housing affordability. Below are key extracts from an article that Taylor posted in The Weekend Australian:

For a decade, Sydney and Australian housing supply has dragged behind demand. Labor state governments presided over a grinding halt in Sydney housing development in the mid to late 2000s, and we’ve never caught up. The backlog is still underestim­ated or, worse, ignored. The real numbers look something like this:

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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.