Report
Structural reform of the Reserve Bank of Australia
Both major political parties support an external review of monetary policy after the 2022 election. This paper discusses some of the main issues a review should cover.
Policy report
Does high-rise development damage neighbourhood character?
Local residents often oppose new apartment buildings on the grounds that they would harm neighbourhood character. This paper examines several examples of high-rise development in Sydney.
Policy report
Planning restrictions harm housing affordability
Planning restrictions around Australia reduce the supply of housing and hence raise prices. This paper summarises recent research on this topic, focussing on Australia’s largest cities.
Discussion paper
The apartment shortage
Planning regulations restrict the supply of apartments and hence drive up their price. This effect can be measured by the difference between the price of new apartments and the cost of supplying them. This paper measures the excess demand for apartments in Australia's largest cities.
Discussion paper
A model of the Australian housing market
The Australian housing market shows strong relationships between interest rates, investment, rents and prices. This paper combines these relationships in one – hopefully realistic – model. The model provides internally consistent projections for housing construction, prices and rents.