Nobel laureate's advice for treasurer to fix housing

Tax reform will make Australian housing more affordable and generate revenue, a top economist says. (Dave Hunt/AAP PHOTOS)

Treasurer Jim Chalmers says the federal government is focused on ways to fix housing affordability other than tax reform, as calls grow for a rethink on investor tax breaks.

Housing was the defining intergenerational challenge in Australian society, Dr Chalmers said in an interview with Nobel Prize-winning economist Joseph Stiglitz.