Peter Tulip
@peter_tulip
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Chief Economist at Centre for Independent Studies. Ex-RBA, ex-Fed.
Joined May 2019
My new paper restates and brings together some key points in the Australian housing debate. 1/7 https://t.co/tPRbddYVga
cis.org.au
Housing Affordability and Supply Restrictions: The fundamental cause is that planning restrictions limit supply, driving up prices and rents.
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Increasing housing supply has been the NSW government's top priority. We've seen a big policy announcement every month or two. It has proved very popular. Other States and Canberra should copy.
Our latest NSW poll for the Financial Review shows Chris Minns dominating virtually every demographic group. His government holds a two-party-preferred vote of 57. If that margin is maintained, Labor is on track to increase its majority at the March 2027 state election. This
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Spekter Agency -- arguably the most technically advanced game on chat based apps -- has officially launched on Telegram and LINE! After an incredible Open Beta, @SpekterAgency is coming out of Pre-Season and entering Season 1. This marks the full launch of Spekter Agency along
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NSW's Housing Delivery Authority has put 98,200 homes in the fast-track pipeline in 10 months. This is a big success for housing supply and hence affordability. It might be uncoordinated, ad hoc and opaque. But it works. In contrast to the alternatives.
NSW suffering an eruption of the HDAs - that is, spot rezonings for high density housing Independent of any planning strategy. It’s looks like a game of ‘pin the development on the donkey’ - uncoordinated, ad hoc, opaque in process, speculative, too open to corruption…
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The NSW Department of Planning has renovated its Housing Supply Dashboard, including a lot of new data (e.g. on Development Approvals by LGA) that was previously inaccessible. The chart below is for North Sydney. https://t.co/MB25xOMObo
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The Urban Taskforce includes me in its list of YIMBY Champions of 2025 (with @SydneyYIMBY and a dozen politicians). https://t.co/j5iyom213F
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Meet Razer AIKit: Your open-source launchpad for AI development. Fine-tune and run 280,000+ LLMs locally, scale across GPU clusters, and keep your data private — Available now on GitHub ⚡. Start local. Go cluster.
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Your occasional reminder: If poor construction productivity growth was the reason for high housing costs, existing home prices (the structures) would be more expensive (because of high replacement cost) and lots would be cheap. This is definitely NOT our binding problem.
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The NSW and Federal Help to Buy schemes are expensive gifts to a few middle-income lottery winners. They boost demand for housing, increasing prices. But it helps governments signal empathy and activity. https://t.co/qIGSb9EtHT
afr.com
Shared equity schemes such as Help to Buy allow part-owners of a home the whole benefit of rent-free living. In NSW, that amounts to a $42,146 cost per property.
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A resi lot is $180k in mudgee but $1m in gerringong. Both have abundant paddocks with similar ish agricultural land prices kiama council refuse to release land for the latter, where people pay a premium for scarce rights to live, not land
@BenPhillips_ANU @BaldingPhillip @kiransirji Or ever? Outside of recessions. Even in the YIMBY utopia it never followed for me that land prices would ubiquitously fall. Only that you could buy ever smaller parcels of land to live on.
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Senator @ajamesbragg spoke at the CIS on housing policy. Text: https://t.co/XP3e74C8TE Video (including Q&A):
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And here's @SydneyYIMBY's thread: https://t.co/R16e8uFg2r
Big YIMBY AFR profile is out today. They spoke to a bunch of us (and our opponents) across Australia. Some highlights in the thread below.
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This is not Bitcoin, Ethereum, or even a meme coin, it’s the $VIX making fresh Cycle Lows
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In the first six months of New York's congestion charge, air pollution – in the form of particulate matter 2.5 micrometres and smaller – dropped by 22% in the Congestion Relief Zone (CRZ). https://t.co/UpP9l7Vz4U
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One of my favourite economics blogs, https://t.co/hqfSrL2GRG, is ending, which is sad. Best wishes @MHReddell !
croakingcassandra.com
Economics, public policy, monetary policy, financial regulation, with a New Zealand perspective
Bringing to a close 10+ years of economic commentary etc on this blog https://t.co/VpkVy1ewEt
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Greg Bearup in the AFR has an extended piece on the NIMBY vs YIMBY debate, going deeper than previous stories. https://t.co/bi8RpIvlye Here is my bit:
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.@PatsKarvelas and @TomisCrowley discuss Federal housing policy and @ajamesbragg's new direction for the Liberals on housing. https://t.co/SvpNXpA8io
abc.net.au
Housing remains the key issue for governments of all stripes, and was the cornerstone of both major parties' election campaigns. But since the election, the housing market has only become increasin...
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Restoring the Australian Dream - address to the @CISOZ
andrewbragg.com
The speech argues that Australia’s housing crisis is worsening under Labor, and only a bold Liberal, supply-first, YIMBY approach can restore home ownership and the Australian dream.
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It is flatly incorrect to say the housing targets can't be met. They can be met with better policy. But the Albanese government is not making an effort. It is boosting social housing. But it is not interested in the 96% of households in market housing.
Given lags in home building we are effectively at least half way through the housing targets 5 year period and running at a build rate of about 70% of the target. No chance of getting 1.2m 2024-29. Never was really.
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And R* or "the extent to which monetary policy remains restrictive" is a distraction from the important question of whether unemployment and inflation are on target. Measures of R* have no predictive value and are sensitive to whimsical assumptions about what is held constant /2
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I thought today's Monetary Policy Announcement was shoddy. If "the risks to inflation have tilted to the upside" they should tighten. Especially if the labour market "remains tight". Balanced risks are better than tilted risks. 1/2
Governor Michele Bullock explains the Monetary Policy Board's decision to leave the cash rate unchanged at 3.60 per cent. You can read the full statement here: https://t.co/sMrAoObWj2
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We're at Waverley Council tonight to speak in favour of a plan to build a bunch of homes in Bondi Junction.
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That contrasts with the Government, which wants house prices to grow sustainably. https://t.co/9GId7oPBhP 2/2
instagram.com
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.@ajamesbragg, the Federal Opposition Housing spokesman, spoke at the CIS today. I asked: "Do you want home prices to fall?" Bragg: "I think for first home buyers, the answer is yes." 1/2
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