This article reinforces what some of us have been saying on this forum for a few years now:
"The Australian housing market is also fundamentally different from the likes of the US, Ireland and Spain, where the house price bubbles were accompanied by a housing construction boom. If anything, housing construction in Australia is in the doldrums, with new construction bouncing along at very low levels.
Perversely, perhaps, this weakness in new housing construction is good news for now as it means there is little risk of a glut of property coming on to the market should there be a more worrying house price fall in the months ahead."
