17 JUNE, 2024
Who: Charles Darwin University Lecturer in Economics and Business Dr Bhanu Bhatia
Topics:
- House prices in regional and capital cities
- Housing supply
- Immigration and housing
Contact details: Call +61 8 8946 6721 or email [email protected] to arrange an interview.
Quotes attributable to Dr Bhanu Bhatia:
"The population of several of Australia’s capital cities has seen significant growth, driven by net overseas migration, a surge in demand for single-family homes, government subsidies, a lack of planning, limited increases in supply, negative gearing and capital gains tax concessions.
“A lack of long-term vision regarding housing has meant that the sector has been completely dependent on short-term fluctuations, reacting to ongoing economic uncertainties, supply chain disruptions, and labour shortages impacting the construction sector.
“A long-term view with better planning, infrastructure, and abolition of negative gearing is one option for the future. If nothing is done, the catastrophic effects of viewing housing as a profitable commodity are likely to be felt for generations to come, where the idea of owning a home might become a luxury for the rich.”
Contact details:
Raphaella Saroukos she/her
Research Communications Officer
Marketing, Media & Communications
Larrakia Country
T: +61 8 8946 6721
E: [email protected]
W: cdu.edu.au
Charles Darwin University acknowledges all First Nations people across the lands on which we live and work, and we pay our respects to Elders both past and present.
CRICOS Provider No. 00300K | RTO Provider No. 0373 | TEQSA Provider ID PRV12069