Federal Politics

Eryk Bagshaw

Eryk Bagshaw is a federal political reporter covering economics based in Parliament House, Canberra. He was previously The Sydney Morning Herald's education reporter.

Treasurer Scott Morrison talks to the media at Parliament House on Friday.

Treasurer Scott Morrison pushes crackdown on investor loans

Treasurer Scott Morrison has urged financial regulators to crackdown on investor loans, warning restrictions have "worn off," allowing investors to storm back into the market hurting housing affordability levels and promoting surging household debt.

Housing confidence has plummeted.

Consumer confidence in housing at lowest level in 40 years

Consumer confidence in the Australian housing market has collapsed to its lowest level in 27 years, with the proportion of Australians believing real estate was the wisest place to put savings falling to below 12 per cent, the lowest level since 1974.

Assistant Treasurer Michael Sukkar in his electorate of Deakin in the outer east of Melbourne.

Letting first home buyers raid super could work: minister

The minister charged with pulling together the Turnbull government's looming housing affordability package is open to allowing Australians to raid their superannuation when buying their first home, but only as part of broader policy changes.