Episode 231: The Sketchy Economics of Real Estate | Dr Cameron Murray, Economist

We enjoy conversations with economists in The Elephant in the Room podcast, we really do! – even though we rail against their persistent inability to predict the property market. 

Today, we’re talking to economist Dr Cameron Murray, a specialist in property markets, environmental economics, corruption – and a bit of a maverick in his space. 

We cover his views on the current state of the market, the (im)possibility of property prices going down, limiting the migration line, his proposed Singaporean housing model, and more!

If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at questions@theelephantintheroom.com.au!

See you in the episode!

Episode Highlights:

1. Cameron’s thoughts on the Falinski Report [02:07] 

2. The causes of drip feeding [03:57]

3. Why dropping property prices is close to impossible [07:56]

4. Housing supply shortage and rezoning matters [14:36]

5. Is housing affordability really a problem? [17:43]

6. The ‘NIMBY’ phenomenon [21:58]

7. Why Australia still has high homeownership rates [24:07]

8. The Singapore model of housing [31:09]

9. Australia’s grant scheme: The truth [36:45]

10. The Nightingale housing model [40:11]

11. Will changes in politics change the housing market? [46:52]

12. An economist’s view on migration [50:27]

13. Cameron’s property Dumbo [55:59]

14. House prices vs Income [57:30]

About our Guest:

Dr Cameron Murray is an economist with a passion for improving society. He specialises in property markets, resource and environmental economics, and corruption. His research on grey corruption in Australia has been transformed into a book called Game of Mates: How favours bleed the nation. The book explains how the Game of grey corruption is played, how much it costs us, and what we can do about it. 

Links from the show:

• Fresh Economic Thinking Blog

• Cameron’s submission to Falinski inquiry

• Cameron’s follow up “questions on notice” submission

Connect with Us:

• Looking for a Sydney Buyers Agent? www.gooddeeds.com.au

• Work with Veronica: https://linktr.ee/veronicamorgan

• Looking for a Mortgage Broker? www.wealthful.com.au

• Work with Chris: hello@wealthful.com.au 

• Send in your questions to: questions@theelephantintheroom.com.au 

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