Master Parasites demand $40,000 new home subsidy

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Last week, the Property Council of Australia (PCA) demanded a $50,000 new home boost to “kickstart the economy” by stimulating the construction of 50,000 dwellings, alongside a massive ramp-up in immigration.

The Housing Industry Association (HIA) also demanded the government open borders to temporary migrants and international students to increase housing demand.

Now, Master Builders Australia (MBA) has joined the fray, demanding a $40,000 uncapped subsidy, which it claims would stimulate the economy by:

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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.