Never has an inquiry into the skyrocketing price of homes been more urgent.
Rarely has one been as insultingly ill-suited as the one under way right now.
Midway through last year in the midst of COVID-19, the average forecast of the 22 leading economists who took part in The Conversation mid-year survey was for no increase in home prices whatsoever in the year ahead (actually for slight falls).
At that time the typical (median) Sydney house price was $1 million, where it stayed until the end of the year.
You've reached your article limit. Create a free account, or login to continue. Get our free newsletters in your inbox and extended article access by submitting your email.
Peter is The Conversation‘s business and economy editor and a Visiting Fellow at the Crawford School of Public Policy at the ANU.
