Why rents, not property prices, are best to assess housing supply and need-driven demand
- Written by Rachel Ong, Professor of Economics, School of Economics and Finance, Curtin University
If property prices are rising, it is commonly assumed we must be facing a shortage of supply relative to demand. So if we’re ever going to reduce housing affordability problems, we’re simply going to have to build our way out of it. After all, as anyone who’s sat in an introductory economics class would tell you, basic economics...
