How our property obsession killed productivity
Australia's productivity has sharply declined over the past 30 years, exacerbated by an obsession with property tax breaks and rising housing costs. Economists warn that lack of reform could lead to economic stagnation, with Treasurer Jim Chalmers recently convening a summit to address the crisis. Without urgent action, living standards and economic growth may suffer further.
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Summary by OZbrief Editorial · ABC News – Top stories · Source
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Published 13 Jul 2026, 21:44 UTC · Updated 13 Jul 2026, 21:50 UTC
Summary by OZbrief Editorial. Original report: ABC News – Top stories. Editorial policy · Corrections
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