Shane Oliver: No new house price boom

Thursday, 23 May 2019

“The affordability is terrible. It’s improved but it is still terrible,” Dr Oliver noted.

But Dr Oliver, who estimates around 60,000 jobs have been lost from the construction and associated real estate sectors because of the slump in activity over the past 17 months, said there was little chance of a surge in prices as happened after the RBA started cutting rates in 2011.

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About the author

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.