RBA’s Richards bemoans housing shortage

reserve-bank-of-australia

Australia faces the risk of "undesirably strong growth" in house prices as a result of undersupply, said Anthony Richards, head of economic analysis at the Reserve Bank of Australia

In a speech to the Committee for Economic Development of Australia (CEDA), Richards said that the supply of housing had not responded to increased demand.

He pointed to a variety of factors for the supply shortage, ranging from the difficulty of replacing existing dwellings with higher density housing, to the prohibi

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