Chief economist at Centre for Independent Studies
www.cis.org.au/wp-content/u... 1/8
Reposted by Peter Tulip
Reposted by Peter Tulip
This is a vital evening for those passionate about solving the housing crisis, and building more affordable, liveable, and sustainable Australian cities.
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One approach is to require rigorous cost-benefit comparisons of regulations.
This would find many regulations to be excessive; including land use, environment, lending restrictions, airport security, product safety, copyright, etc. 4/4
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The Queensland Productivity Commission reports that a wide range of regulations add $186,000 to the cost of a new greenfields house in Brisbane. $128,000 (68%) of this is direct prohibition of extra residential housing. 2/4
qpc.qld.gov.au/content/inqu...
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Good. But there is too much emphasis on compliance costs.
The costs of prohibitions are typically far greater.
The main problem isn't that regulations make things difficult. It's they stop worthwhile things altogether. 1/4