Australia’s economy is hostage to the housing market, and neither party is willing to save us

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The politics of Morrison's super-for-homes announcement is obvious and desperate. But what of the economics of this ongoing obsession with the housing market?

reserve bank

Scott Morrison wants to let you raid your super to buy a house. This is a naked vote ploy for frustrated first home buyers. That’s a group of young, tertiary educated people -- a group containing the kind of Labor voters who might swap to the Liberals as they age. Morrison would like to bring that swap forward. This is the politics of it: a desperate move in desperate times. So far, so obvious. The economics of it are more interesting.

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