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‘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

Dan Purves Fri, 17 May 2024

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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Dan Purves Fri, 17 May 2024
Contact the Writer: dpurves@nbr.co.nz
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‘Perfect storm’ constraining Aus house supply: RBA
Australia,
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