Housing: The Great Australian Dream Project
Economics & Deregulation / Housing: The Great Australian Dream Project
The Great Australian Dream Project
The Great Australian Dream project looks at the impact of regulatory policy on housing affordability, home ownership and housing production. The project aims to promote policies to increase the accessibility and reduce the costs of home ownership for Australians. In particular, the Institute of Public Affairs looks at the relationship between land supply restrictions and how those restrictions artifically inflate the price of house and land. This relationship is examined in the 2006 book The Tragedy of Planning: Losing the Great Australian Dream.
More information about the Great Australian Dream Project.
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Publications
Sydney now has world's most unaffordable housing - New research
According to new research by the free market think tank the Institute of Public Affairs (IPA), the fall of house prices in the United States has left Sydney with the most expensive housing in the world.
How land supply restrictions have locked young people out of the housing market
Adjusted for inflation, the price of houses in Australia has more than doubled (trebled in Sydney and Perth) over the past 30 years. How has this occurred? In a landmark address to the Housing Industry Association in July 2005, the Institute of...
Locked Out: How Victoria's land supply laws are keeping young people out of the housing market
In reviewing the costs of new housing in Melbourne the conclusion is that housing is unaffordable for ordinary families who are not already home owners. The cause of this is state government policies, especially restrictions on land release. In...
Land Regulations, Housing Prices and Productivity
Land costs are incorporated in most commercial activities. Hence, beyond the direct effects on housing and commercial property, measures that raise the price of land have a pervasive effect in raising costs throughout the economy. An important...
The Values Deficit
Address to the Australian Financial Review Housing Conference
Fixing the Crisis: A fair deal for homebuyers in WA
Planning policies, more than any other factor, restrict the capacity of first home buyers, and other less advantaged groups, from achieving a goal of home ownership. Current planning orthodoxies inflate urban land prices and discriminate against...
The Tragedy of Planning: Losing the Great Australian Dream
A house provides us with a place of rest, a place for our possessions, and a place to raise our families. Not only this, but a house is often the largest investment we make during our lifetime. However housing is becoming unaffordable for more and...
Planning restraints: A plague on wealth and the democratic process
Economic planning is a term as archaic as phrases such as 'peoples' democracy' or 'proletarian justice'. Yet urban planning-and land planning generally-is flourishing and dominates the evolving structure of cities.
Heritage through property
Cutting Red Tape in Victoria's Planning Processes
Over recent years, planning in Australia and many other countries has assumed a greatly enlarged role in determining the use of land. This is a regrettable outcome and one that imposes huge economic costs onto the community, as well as undermining...
