Twice over the past two days, the Reserve Bank of Australia (RBA) has pointed the finger at the federal government for Australia’s housing affordability problems.
Speaking in an address to the Anika Foundation on Tuesday, governor Phil Lowe pointed to a number of public policy issues, which are the responsibility of the Government, that need to be addressed if we want ‘affordable housing’:
“While monetary policy is contributing to higher housing prices at the moment, the way to address these concerns is through the structural factors that influence the value of the land upon which our dwellings are built”…
