News Encyclopedia: Zoning rules cost home buyers a fortune, says RBA

Everybody complains about high housing prices these days. But would you live in a concrete jungle if it meant you could get a much cheaper home? That’s the question Australia’s Reserve Bank is asking. Winmas Yu, in this episode of News Encyclopedia, looks into a report which shows how Australia’s housing market would look in the theoretical world where there were no zoning controls.

Housing auction clearance rates have held firm, bucking the normal seasonal pattern. (AAP) Source: AAP