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AAP

National

Zac de Silva

Vested interest 'cartel' killing Aussie housing dream

Bernie Fraser Jim Chalmers Mick Tsikas RBA

People on modest incomes are being locked out of the housing market, a former RBA boss says. (Mick Tsikas/AAP PHOTOS)

A "cartel" of vested interests is stymying crucial tax reforms which could help free up more homes, a former boss of the Reserve Bank says.

Bernie Fraser, the only person in Australian history to have served as both RBA governor and Treasury secretary, said tax concessions for property investors should scrapped to boost housing supply.

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