Opinion
The Reserve Bank’s bleak news on housing
The RBA is concerned that housing supply continues to fall short of underlying demand, which is keeping upward pressure on house prices and rents.
Karen MaleyColumnistThe Reserve Bank sees little respite for struggling home buyers and renters for years to come, as demand in the nation’s housing market continues to outstrip supply, keeping upward pressure on both prices and rents.
The only solace Martin Place can offer is that the exponential increase in house prices, particularly in the expensive Sydney and Melbourne property markets, may finally be showing signs of easing.
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