Ric Battellino: Housing affordability in Australia Background notes for opening remarks by Mr Ric Battelino, Deputy Governor of the Reserve Bank of Australia, to the Senate Select Committee on Housing Affordability in Australia, Melbourne, 24 April 2008. *  *  *  The Reserve Bank is very pleased to have been invited to participate in this inquiry into housing affordability.
This estimate, however, assumes no growth in home building in the rest of the country. Pressures on the construction industry will also increase with New Zealand’s infrastructure needs and repairs on the remaining 42,000 leaky buildings nationwide.