RBA’s Ellis: cross-country and micro-factors matter for housing

Assistant governor sees country-specific and micro-factors as important

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Melbourne, Australia

There can be no single macro-level indicator that is the "right" level for the housing market in all countries, because so many different factors matter, the Reserve Bank of Australia's (RBA) Luci Ellis said today (February 16).

Addressing the Australasian Housing Researchers Conference in Melbourne, the RBA assistant governor (economic) considered both country-specific and micro-factors that influence outcomes in the housing market.

On the "cross-country dimension", institutions such as markets

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