It is unusual for economists to dive into the detail of the nations’ planning systems, but the intense interest from the Reserve Bank of Australia, the NSW Productivity Commission and the Commonwealth Productivity Commission in the regulatory burden of the respective planning systems on State and National productivity, is cause for alarm and highlights the need for urgent and bold reform.
Housing, its supply, affordability and location are critical factors that impact of government and private sector efforts to boost productivity, especially in our cities.
Controlling inflation is a national imperative and we all need to do our best to help or interest rates will keep going up.
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