Budget must send signal to house investors

Figures this week showed Sydney house prices jumped nearly 19 per cent in the past year, while in Melbourne prices rose by more than 15 per cent.A new report by the Australian Institute of Company Directors warns the country could be stuck in "policy limbo and partisan paralysis" if there isn't substantial reform."It's time to stop tinkering around the edges and deliver a real plan for our future," AICD head Elizabeth Proust said.The institute is calling for fixed four-year terms for federal parliament and tax reform that includes a higher and broader GST.Aaron reports.

Sale sign Source: EPA