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Five years ago, RBA’s senior research manager, Dr Peter Tulip, released crazy research arguing that Australian housing is 30% undervalued and that owning a home is “now more attractive, relative to renting than it has been at any time in the past 30 years”.
Now Dr Tulip is back, this time releasing a research paper entitled “The Apartment Shortage”, which argues that there is a massive apartment shortage in Sydney:
Abstract:
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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.
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