AMP chief economist Shane Oliver has blamed mass immigration over the 15 years leading up to COVID for Australia’s woeful housing affordability relative to the rest of the world:
AMP Capital Chief Economist Shane Oliver said the price-to-income ratio in Australia has more than doubled over the past two decades…
Mr Oliver said while the demand and supply imbalance is mostly to blame for the deterioration in housing affordability, low interest rates are also a major factor alongside it.
