{"id":8428,"date":"2013-09-16T01:05:03","date_gmt":"2013-09-16T05:05:03","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=8428"},"modified":"2013-09-16T01:05:03","modified_gmt":"2013-09-16T05:05:03","slug":"imbalances-in-the-australian-housing-market-chris-joye","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2013\/09\/16\/imbalances-in-the-australian-housing-market-chris-joye\/","title":{"rendered":"Imbalances in the Australian housing market | Chris Joye"},"content":{"rendered":"<p>Chris Joye from the <a title=\"Australian Financial Review: Why we should be worried about Australia\u2019s housing market\" href=\"http:\/\/www.afr.com\/p\/blogs\/christopher_joye\/why_we_should_be_worried_about_australia_9gqc2CPE2hrAcikkRvyOGM\" target=\"_blank\">Financial Review<\/a> warns on Radio National that imbalances that may be developing in the Australian housing market:<\/p>\n<p><span class=\"embed-youtube\" style=\"text-align:center; display: block;\"><iframe loading=\"lazy\" class=\"youtube-player\" width=\"525\" height=\"296\" src=\"https:\/\/www.youtube.com\/embed\/Z4kTC0ie2HE?version=3&#038;rel=1&#038;showsearch=0&#038;showinfo=1&#038;iv_load_policy=1&#038;fs=1&#038;hl=en-US&#038;autohide=2&#038;wmode=transparent\" allowfullscreen=\"true\" style=\"border:0;\" sandbox=\"allow-scripts allow-same-origin allow-popups allow-presentation allow-popups-to-escape-sandbox\"><\/iframe><\/span><\/p>\n<p>Hat tip to Leith van Onselen at Macrobusiness.com.au who comments:<\/p>\n<blockquote><p>&#8220;My only observation is that governments of all persuasions have for too long abrogated their responsibilities for housing policy to the RBA \u2013 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.&#8221;<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>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: &#8220;My only observation is that governments of all persuasions have for too long abrogated their responsibilities for housing policy to the RBA \u2013 allowing &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2013\/09\/16\/imbalances-in-the-australian-housing-market-chris-joye\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Imbalances in the Australian housing market | Chris Joye&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,10],"tags":[291,296,682,1736],"class_list":["post-8428","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","category-housing-economy","tag-australian-banks","tag-australian-housing-market","tag-chris-joye","tag-housing-bubble"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Imbalances in the Australian housing market | Chris Joye - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Imbalances in the Australian housing market | Chris Joye - the patient investor\" \/>\n<meta property=\"og:description\" content=\"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: &#8220;My only observation is that governments of all persuasions have for too long abrogated their responsibilities for housing policy to the RBA \u2013 allowing &hellip; 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Back in the 1977 and 1983 recessions, the household debt-to-income ratio was only 34 per cent and 37\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"International Liabilities of Australian Banks","src":"https:\/\/i0.wp.com\/www.macrobusiness.com.au\/wp-content\/uploads\/2014\/06\/erteq-300x209.png?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":9542,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/23\/australias-housing-affordability-crisis\/","url_meta":{"origin":8428,"position":1},"title":"Australia&#8217;s housing affordability crisis","author":"ColinTwiggs","date":"March 23, 2014","format":false,"excerpt":"This private submission by Michael Dromgool to Australia's Housing Affordability Inquiry identifies supply restrictions as the key cause of the current housing affordability crisis: Traditionally the flexible forces of demand and supply in the property market self-managed the development of land for housing. Development occurred in locations where and when\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":54068,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/06\/07\/australian-outlook-chris-joye\/","url_meta":{"origin":8428,"position":2},"title":"Australian Outlook | Chris Joye","author":"Colin Twiggs","date":"June 7, 2024","format":false,"excerpt":"https:\/\/youtu.be\/QTKmPptmOes?si=UdsJVYNsO8c9KBQb Central banks are too much under the sway of government and not doing enough to contain inflation. None worse than the RBA which is holding rates lower than they should be. The last time that we had inflation at 4.0% in 2008, the cash rate was 7.25%. Now the\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/img.youtube.com\/vi\/QTKmPptmOes\/0.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":6265,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/11\/23\/australia-housing-affordability-still-poor\/","url_meta":{"origin":8428,"position":3},"title":"Australia: Housing affordability still poor","author":"Colin Twiggs","date":"November 23, 2012","format":false,"excerpt":"Interesting article by Leith van Onselen on Australian housing affordability. Today it takes \"380 weeks on the average wage (just over seven year\u2019s income) to buy a typical house. This is down from around 430 weeks average wages (just over eight year\u2019s income) required to buy a home in 2008\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11609,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/03\/09\/dads-army-fumbles-housing-affordability-macrobusiness\/","url_meta":{"origin":8428,"position":4},"title":"Dad\u2019s Army fumbles housing affordability | Macrobusiness","author":"ColinTwiggs","date":"March 9, 2015","format":false,"excerpt":"By Leith van Onselen \u2014 Published with kind permission from Macrobusiness. After his shoddy effort yesterday defending Australia\u2019s giant superannuation rort,\u00a0Dad\u2019s Army\u2019s Robert Gottliebsen (\u201cGotti\u201d), has backed Treasurer Hockey\u2019s proposal to allow young home buyers to raid their superannuation accounts to purchase their first home: Joe Hockey\u2019s idea to allow\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"Broken Window","src":"http:\/\/upload.wikimedia.org\/wikipedia\/commons\/4\/4c\/Young_woman_and_broken_window-2.jpg","width":350,"height":200},"classes":[]},{"id":28677,"url":"https:\/\/thepatientinvestor.com\/index.php\/2021\/11\/05\/rba-monetary-policy-and-the-housing-market\/","url_meta":{"origin":8428,"position":5},"title":"RBA monetary policy and the housing market","author":"Colin Twiggs","date":"November 5, 2021","format":false,"excerpt":"Stephen Bartholomeusz writes that the RBA was forced to abandon its efforts at yield-curve control (YCC) because of bond market resistance: ...Confronted with market rates for the 2024 bonds that made a mockery of its yield target, the RBA had some options. 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