Gradually rising house prices don't indicate any imminent supply glut, Reserve Bank governor Glenn Stevens says.
Mr Stevens says despite reports of a impending glut of new homes, particularly in the apartment sector, prices are not dramatically changing, indicating more equilibrium between supply and demand.
"That sounds like a market working quite well. Whether that's what the market will look like in two years, I don't know," he told the Trans-Tasman Business Circle boardroom briefing in Sydney on Tuesday.
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