Higher taxes will hurt housing supply warns HIA Chief Economist
Clinton is joined by Tim Reardon, HIA (Housing Industry Association) Chief Economist, who warns that higher taxes on housing will lead to less investment, fewer homes being built, and worsening affordability.
He emphasises that solving the issue requires less taxation and fewer government distortions. Reports like the Henry Tax Review, as well as the RBA and Productivity Commission, highlight supply constraints as a key issue.
A coordinated government effort is needed to enable the housing industry to meet demand. Blaming migration and investors misses the point—government policies are the main cause of the housing supply shortage.
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