Planning and the economy: a complex relationship

Australia’s abandonment by Britain was the salutary shock that this country needed. Britain may have sought to profit from its turn to Europe, but it was Australia that gained most from it.

It is hard to introduce populist policies without hurting the economy. That is the takeout from the Government’s decision to water down its planned restrictions on foreign property buyers.

New Zealand is successfully tackling its housing crisis with urban development reforms. Australian leaders can learn from this model to increase housing supply and affordability.