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1.Market Observations, 8.Was Sticky

24 July 2017 (AFR) – Increasing dwelling supply does not lower prices, Community Housing’s Joe Flood says

(24 July 2017, AFR, p32, by Su-Lin Tan)

‘Increasing housing supply seems like a sound economic solution to Australia’s housing shortage and affordability problems, but it doesn’t work, affordable housing provider Community Housing Limited’s Joe Flood says. In discussions about housing affordability, increasing supply on the eastern seaboard is the preferred argument of the property industry and policymakers, but it has not worked, Dr Flood told the Australian Conference of Economists last week.’

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