RBA makes 11th hour conversion to Australian housing risks

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By Leith van Onselen

They are only 18 years too late, but it has finally dawned on the Reserve Bank of Australia (RBA) that Australia’s obsession with housing is not actually healthy for the economy and has merely robbed younger Australians of their future.

Speaking at the 54th Shann Memorial Lecture in Perth yesterday, Deputy Governor, Phil Lowe, noted the following:

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.