Build social and affordable housing to get us off the boom-and-bust roller coaster
Friday, March 15, 2019 - 08:51
in Mathematics & Economics
Not long ago Australia's housing boom was in full swing. Investors were betting on rising property values, which rose by 13% in Sydney and 15% in Melbourne in the year to mid-2017. Now the withdrawal of overseas buyers and prudential restrictions on loose lending to local investors have revealed how hollow the boom was.