Property Council cries wolf on housing shortages

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The new national president of the Property Council of Australia (PCA), David Harrison, has called on governments to fix the chronic ‘housing shortages’ dogging the nation:

The PCA is also pushing for underlying issues to be addressed with Mr Harrison saying it is trying to prosecute the case around housing supply.

“When there’s a shortage of housing, trying to get politicians to understand that if you don’t do something about it, you’ll end up creating an imbalance of demand and supply and pricing gets out of control,” he said…

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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.