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RBA reassures on housing market

Posted on 27 June 2012

There is no danger of a collapse in Australia’s housing market. Indeed, if anything the market is undersupplied, according to assistant Reserve Bank governor Guy Debelle.
Dr Debelle told a mortgage conference in Adelaide the only signs of oversupply were in south-east Queensland. For the nation as a whole there weren’t enough houses to go around. ”Nationally the level of housing construction is about where it was 10 years ago, but the population is 15 per cent higher,” he told the conference………………………………………..Full Article: Source

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