“Significant increases in house prices have not been driven by supply constraints.”

redfern-review

At last someone is pointing out the fallacy, relentlessly being put about by developers, that building more houses will reduce house prices.

“Rising earnings and falling interest rates, rather than insufficient supply, drove the boom in house prices between 1996 and 2006.” (Oxford Economics Report, Section 1.3)

Click here to read the Redfern Review Press Release

To read the full Report, click here.