Sydney Property Bubble

[Boon]

Ha-ha! Interesting remarks on supply-side constraints from the RBA........................
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RBA waves red flag over 'very concerning' Sydney property market

DateFebruary 13, 2015

A week after cutting interest rates to historic lows, Reserve Bank governor Glenn Stevens faced a House of Representatives committee on Friday and told them affordable housing has become a "major" social issue in Australia.

But he could not do much to bring house prices down, he said, because supply-side constraints had to be removed for that to happen and the Reserve Bank could not do much about them..........

http://www.smh.com.au/business/rba-waves...3eakh.html