massive housing shortage- new govt report, page-21

Rental vacancies rose in November. Especially in Melbourne: http://www.macrobusiness.com.au/2011/12/melbourne-rental-vacancies-continue-to-rise/

Assuming there's a shortage, where is the money for increased house prices going to come from.

I say build, build, build! It will create jobs, stimulate our economy, and speed up the decline in house prices.