The effect of soaring house prices on productivity and economic stability needs to be addressed

June 16 2021 - 12:00pm
INTERVENTION: A new report stresses the importance of intervening to stabilise the market, with housing stock valued at an estimated $8.1 trillion and housing construction accounting for five per cent of all Australian jobs. Photo - Shutterstock.
INTERVENTION: A new report stresses the importance of intervening to stabilise the market, with housing stock valued at an estimated $8.1 trillion and housing construction accounting for five per cent of all Australian jobs. Photo - Shutterstock.

Australia's house prices have risen by 10 per cent in the year to April 2021 and are forecasted to continue to increase further.

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