The bitter debate that we need to have about home ownership

Sydney Morning Herald

Master of Public Policy student Toby Phillips writes about the issues with housing policy in Australia.

Most of the debate consists of skirmishes on one issue at a time (usually negative gearing). Booming investor demand is the most critical short-term issue; but focusing on a single policy (negative gearing) that applies to a single class of buyer (investors) misses the bigger picture: our system is skewed to benefit homeowners through exemptions.