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HOUSING: TAMING THE ELEPHANT IN THE ECONOMY
Author/s
Duncan Maclennan, Jinqiao Long (University of Glasgow)Hal Pawson, Bill Randolph, Fatemeh Aminpour (City Futures Research Centre, UNSW)Chris Leishman (University of South Australia)
Abstract
The scale of the housing market in the Australian economy and the diffuse, often disconnected, spread of policy powers that address different aspects of this system make the Parable of the Blind Men and the Elephant a perfect metaphor for our current predicament.
This strong conclusion has emerged from an online survey and interviews with a panel of 87 leading Australian economists and sector experts1 (collectively termed ‘experts’ from this point on) and from a major review of national and international literature2 undertaken for the Housing Productivity Research Consortium.
This report presents a synthesis of these findings and the conclusions and recommendations we draw from them.