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Australia’s YIMBY movement argues that if policymakers simply upzoned suburbs, thereby permitting high-density apartment developments everywhere, then the nation’s housing affordability crisis would magically resolve.
Yet a study of the actual evidence shows that Australia has had one of the highest rates of housing construction in the developed world:
Source: OECD Affordable Housing Database
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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.