RBA’s Richards bemoans housing shortage
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
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