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Tight supply props up house prices

Discussion in 'Property Market Economics' started by Simon Hampel, 15th Apr, 2009.

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Simon Hampel Founder Staff Member

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Tight supply keeps house prices stable: RBA

Australia's tight housing supply has helped the country avoid the worst effects of the global financial crisis dogging other economies, the Reserve Bank said.

"Unlike in the United States, housing supply had not boomed in the same way for the past five years," said the RBA's head of financial stability department Luci Ellis in a speech to Victoria University.

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Simon Hampel, 15th Apr, 2009

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Tight supply props up house prices

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