Most of the gains went to the richest Americans, but almost everyone saw an improvement in terms of net wealth.
Current housing stimulus measures aim to boost buyer demand and are too small to sustain a recovery. A second round of stimulus is likely to be needed, and it should go into social housing supply.
Despite its big sticker price, the 2020 federal budget just isn’t that stimulating.
Voters who own housing are strongly invested in increasing the value of their wealth-generating assets. And they strongly favour the Coalition, which knows to protect their interests.
Investing more in cycling and walking would boost both physical and economic health, with a typical return of $5 for every $1 spent on cycling infrastructure.
The new slimmed-down and tapered JobKeeper is an improvement, but it’ll interact with JobSeeker in odd ways.
two leading economists on Australia’s post-COVID economy.
Michelle Grattan discusses the economic future of Australia post-COVID with economists Richard Holden and Warwick McKibbin
I was a federal environment official for 13 years. Streamlining approvals for big infrastructure projects is a big environmental risk, unless it’s done properly.
There has never been a better time for public money to go into improving the performance of Australian housing. We could have cut household bills and emissions, as well as saving construction jobs.
In the wake of the coronavirus pandemic, regional Australia needs local government to emulate the example of the local councils that brought prosperity to North Queensland after the second world war.
The government will provide eligible owner-occupiers with $25,000 to build a new home or extensively renovate an existing one.
A long-term housing stimulus package that focuses on retrofitting to cut energy demand would also help households repay the debts being accumulated during this crisis.
Treasurer Josh Frydenberg on Australia’s tourism and construction industries.
Michelle Grattan discusses the economy post-coronavirus with Treasurer Josh Frydenberg
With so many people in need of financial support due to the coronavirus crisis, is it right to draw on unemployment when you have savings?
In his fifth “vision statement”, opposition leader Anthony Albanese outlines labor’s priorities for change and opportunity.
Smaller projects are better for delivering broad, long-term value to communities across the country, reducing inequality and cutting emissions, as well as quickly providing jobs and economic stimulus.
The federal opposition’s idea for a bullet train from Melbourne to Brisbane is not a good use of a generation’s worth of infrastructure spending. It won’t even work as an economic stimulus.
Now is the time for a two-pronged strategy to ensure everyone has a home: a spot-purchasing program to find homes for people now in emergency accommodation, followed by social housing construction.
Construction employs one in ten Australians, with a broad range of skills, using mostly locally made materials. Building social housing would meet urgent social needs as well as creating jobs.
An economic downturn as severe as the great depression is possible, but what should emerge out of it?