Zoning key to more affordable housing: RBA

Original article by Adam Creighton
The Australian – Page: 7 : 9-Mar-18

Research by the Reserve Bank of Australia has concluded that development restrictions have been a major contributor to the sharp rise in house prices over the last two decades. The central bank says that state and local government zoning rules have increased the price of the average house in Sydney by 42 per cent, and 29 per cent in Brisbane. The Reserve Bank suggests that measures such as relaxing building height limits could help to increase housing affordability.

CORPORATES
RESERVE BANK OF AUSTRALIA, GRATTAN INSTITUTE

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