RBA's Richards: housing shortfall welcome

The relative tightness of the Australian housing market is one factor that will support home-building in the period ahead, said Anthony Richards, the head of the economic analysis department at the country's central bank.

Richards said that the Australian market was relatively tightly constrained, in contrast with the United States market which was subject to overbuilding during their housing boom. He said that it was evident that there had been a significant degree of consolidation since the

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