Why is Australian housing so expensive?

 

Please click here to read Shane Oliver's views on the Australian property market.

Key points raised are:

  • The key drivers of poor housing affordability and high household debt levels in Australia have been low rates and poor housing supply.
  • Macro prudential controls to slow home learning now look imminent, but this is just a cyclical measure.
  • More fundamental measures to improve housing affordability need to focus on boosting housing supply and decentralising away from major cities