Research Scholars – The Centre for Independent Studies

Peter Tulip

Chief Economist

Peter Tulip
Peter Tulip is Chief Economist at the Centre for Independent Studies.  He previously worked in the Research Department of the Reserve Bank of Australia and before that at the Federal Reserve Board of Governors.  His recent research focuses on housing and monetary policy.  He has a PhD from the University of Pennsylvania.

Featured Publication

  • Submission to the Inquiry into Housing Affordability and Supply in Australia 13 September 2021
    Housing in Australia is too expensive. Families on lower incomes cannot afford reasonable accommodation. Aspirations to home ownership are fading. (Section 1). A large body of international and Australian research finds that a major reason housing is so expensive is…...
    Housing in Australia is too expensive. Families on lower incomes cannot afford reasonable accommodation. Aspirations to home ownership are fading. (Section 1). A large body of international and Australian research finds that a major reason housing is so expensive is…
    READ MORE

Media & Commentary

  • Want to improve housing affordability? Here’s the solution 19 October 2021 | Sydney Morning Herald
    State and federal governments give billions of dollars to first-home buyers, ostensibly to improve affordability. But like other demand-side subsidies, these do not reduce overall housing costs. They improve housing access for the favoured recipients but bid up prices, making…
    State and federal governments give billions of dollars to first-home buyers, ostensibly to improve affordability. But like other demand-side subsidies, these do not reduce overall housing costs. They improve housing access for the favoured recipients but bid up prices, making…
    read more
  • Yes, in our backyards: how to give the kids a fair crack at home ownership 11 June 2021 | Sydney Morning Herald
    Sydney and Melbourne are now the third and sixth least affordable housing markets in the world, and other Australian cities are seeing rapid price rises. Headlines about record house prices reappear every time the notch is pegged higher. Nevertheless, these stratospheric…
    Sydney and Melbourne are now the third and sixth least affordable housing markets in the world, and other Australian cities are seeing rapid price rises. Headlines about record house prices reappear every time the notch is pegged higher. Nevertheless, these stratospheric…
    read more
  • A fix for our new house price madness 22 March 2021 | Spectator
    A common objection to the idea that planning restrictions make housing unaffordable is that some other factor is said to be more important. Leading candidates include low interest rates, high immigration, tax concessions and location premiums. However, contrary to what…
    A common objection to the idea that planning restrictions make housing unaffordable is that some other factor is said to be more important. Leading candidates include low interest rates, high immigration, tax concessions and location premiums. However, contrary to what…
    read more
  • Housing cost is supply and demand 19 March 2021 | IDEAS@THECENTRE
    A common objection to the idea that planning restrictions make housing unaffordable is that some other factor is said to be more important. Leading candidates include low interest rates, high immigration, tax concessions and location premiums. However, contrary to what…
    A common objection to the idea that planning restrictions make housing unaffordable is that some other factor is said to be more important. Leading candidates include low interest rates, high immigration, tax concessions and location premiums. However, contrary to what…
    read more
  • RBA must explain itself 26 February 2021 | IDEAS@THECENTRE
    The RBA should be required to explain its decisions.  This would make mistakes in monetary policy less likely and less persistent. When the Governor of the RBA makes a mistake, there is currently no effective process for identifying this or…
    The RBA should be required to explain its decisions.  This would make mistakes in monetary policy less likely and less persistent. When the Governor of the RBA makes a mistake, there is currently no effective process for identifying this or…
    read more

Publications

  • Does high-rise development damage neighbourhood character? 29 April 2021 | PP40
    Local residents often oppose new apartment buildings on the grounds that they would harm neighbourhood character. This paper suggests these concerns are overstated. The paper examines several examples of high-rise development in Sydney: Chatswood, Forest Lodge, Green Square, Liverpool and Turrella. If these developments harmed neighbourhood character, as local residents…...
    Local residents often oppose new apartment buildings on the grounds that they would harm neighbourhood character. This paper suggests these concerns are overstated. The paper examines several examples of high-rise development in Sydney: Chatswood, Forest Lodge, Green Square, Liverpool and Turrella. If these developments harmed neighbourhood character, as local residents…
    READ MORE
  • Planning restrictions harm housing affordability 03 December 2020 | PP33
    Planning restrictions reduce the supply of housing and hence raise its price.  This paper summarises recent research on this topic, focussing on Australia’s largest cities. The severity of planning regulations can be gauged by the difference between sale prices and the costs of supply.  This wedge represents what people would…...
    Planning restrictions reduce the supply of housing and hence raise its price.  This paper summarises recent research on this topic, focussing on Australia’s largest cities. The severity of planning regulations can be gauged by the difference between sale prices and the costs of supply.  This wedge represents what people would…
    READ MORE