Chris Joye from the Financial Review warns on Radio National that imbalances that may be developing in the Australian housing market:
Hat tip to Leith van Onselen at Macrobusiness.com.au who comments:
“My only observation is that governments of all persuasions have for too long abrogated their responsibilities for housing policy to the RBA – allowing affordability concerns to be addressed via continuous lowering of interest rates, rather than addressing the underlying causes of poor affordability through supply-side and taxation reform.”