Reserve Bank of Australia (RBA) governor Michele Bullock has expressed concerns over Australia’s housing supply crisis and its reliance on investors who can "exacerbate the cycle".
Governor Michele Bullock has shared her views on the current state of the housing market while also facing questions on inflation, interest rates, and jobs at a Senate hearing in Canberra this week.
Ms Bullock was pushed to provide a view on Australia’s housing shortage crisis, including what steps she believes the government should be taking to address rising prices and continuing low stock concerns.
RBA governor Michele Bullock faced questioning in Canberra this week. Picture: Getty
“The issue with the housing market is supply and demand – we have demand for housing that outstrips the supply of housing and