Peter Mares on why falling house prices are a good thing

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1 Response

  1. Tony Graddon says:

    After two decades of excessive price rises (compared with wages or CPI) Australia needs two decades of static house prices to allow the economy to re-balance and become productive.

    The best outcome would be stable (static) real estate prices, with an orderly transition from investor ownership back towards occupier ownership.

    We need government policies that encourage investment in productive enterprise instead of real estate speculation.

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