Over recent months, residential building approvals in Wagga have been at very high levels (Graph 12). In time, this will add to the stock of housing and aleviate some of the pressures that are currently being felt. A challenge here, as I mentioned before, is finding the workers to build these extra homes.
https://www.rba.gov.au/speeches/2021/sp-gov-2021-12-16.html  12/16  12/16/21, 10:38 AM  The RBA and the Australian Economy | Speeches | RBA  Graph 12  Private Residential Building Approvals* New houses, by region group ’000  no Wagga Wagga  Capital cities 8  50  6  40  Regional  4  2  2017  2019  30  2021  2017  2019  2021  20  *  Smoothed using a three-month trailing average Sources: ABS; RBA  In terms of the RBA's responsibilities, we do not target housing prices, nor would it make sense to do so.