Professor Nicole Gurran, also an urban planner from the School of Architecture, Design and Planning, echoed Professor Phibbs' analysis: "The Treasurer’s budget and ‘housing package’ signals a change in the policy narrative around Australia’s chronic housing affordability problems.
"But there is little change to actual policy settings which have fuelled high housing demand, with negative gearing and capital gains tax arrangements largely untouched."
2. Higher education reforms an 'opportunity missed'
"The federal government’s Higher Education Reform Package represents both a disaster averted and an opportunity missed," said Vice-Chancellor and Principal Dr Michael Spence.
"While we welcome a number of measures including the decision to take the 20 percent funding cuts proposed by his predecessor off the table, the package means that students will be paying more, and universities will be receiving less, neither of which is good for a knowledge economy.
"Obviously this is bad news for students. It increases their contributions without giving us resources to provide additional bursary and accommodation support. As I have been advocating publicly for some years now, more must be done to support the living costs of students for whom university is a financial struggle."
3. Value for money essential for major infrastructure
"It is sensible that the federal government takes responsibility for large infrastructure projects such as Sydney’s new airport at Badgerys Creek, the Inland Rail and the various freight rail projects promised throughout Australia," said Dr Geoffrey Clifton from the University of Sydney Business School.