Build social and affordable housing to get us off the boom-and-bust roller coaster
- Written by Laurence Troy, Research Fellow, City Futures Research Centre, UNSW
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.
Throughout the boom,...
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