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Economy & Industry

Budgeting for drought

Some forms of government assistance can help facilitate adjustment to drought, including support for those small-business families facing poverty, as well as helping people to make better decisions when it comes to planning and preparing. On the other hand, ad hoc handouts to farm businesses in the form of subsidies for interest, freight and transport can have undesirable effects in terms of Australia’s national productivity and equity. Read More

Housing policy reset is overdue, and not only in Australia

There’s a growing sense that core aspects of the governmental mindset that have underpinned housing policy since the 1980s are long overdue for a rethink. And not just in Australia. Federal and state elections in coming weeks provide a timely moment for Australians to reflect on the increasingly obvious failure of governments to manage the triple crises of inflated property prices, lack of affordable housing for people on low to moderate incomes, and property market volatility. Read More