‘Perfect storm’ constraining Aus house supply: RBA
Building materials and labour costs have increased by nearly 40% since 2019.
The last time building approvals per capita were lower than today was during the height of the GFC
A perfect storm will continue to constrain the building of new homes in Australia for at least the next two years, exacerbating a housing crunch in what the Reserve Bank of Australia chief economist Sarah Hunter describes as a problem with no quick fixes.
"The housing sector sits at the heart of the
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