Housing finance and the Campbell report : a review of efficiency and supply aspects / Robert Albon and John Piggott.

Abstract

The Campbell Report defended Its advocacy of owner-occupier housing finance deregulation on a number of grounds. Inter alia, these included efficiency improvements, and greater availability and stability of funds. This paper suggests that efficiency gains will be small, especially when compared with the welfare cost of the owner-occupier tax break. Ic also argues that there will be no change in the availability or stability of overall owner-occupier housing finance. The authors conclude that the best argument in support of deregulation is that the regulations currently in force in the owner-occupier housing finance market in Australia do not achieve their stated goal of making home ownership easier for the less well-off. Show more