Recall that the RBA recently caught up to MB with its study of housing shrinkflation:
After rising for a number of years, the rate of housing turnover (that is, the number of transactions relative to the stock of housing) has trended lower since the early 2000s (Graph 1). The most recent decline in the turnover rate has been unusual, particularly given the strength in other indicators of national housing market activity, such as housing prices…
While the reasons for moving have not changed much over time, the HILDA Survey shows that households are moving less often than they were in the early 2000s (Graph 2).
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David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
