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Professor Duncan Maclennan, with: Bill Randolph and Laura Crommelin (UNSW), Ellen Witte and Peter Klestov (SGS Economics and Planning), and Bob Scealy and Steve Brown (Cadence Economics)
This research examined how a range of outcomes in Sydney’s and Melbourne’s housing markets, including price, location and quality effects, may have a negative feedback effect on productivity and growth in their economies.
It stressed that cases presented for new housing policies to address high needs and reduce affordability burdens have seldom made strong arguments for support on the economic grounds of enhancing growth and productivity.