Not only would it confirm that there are serious supply-side impediments to producing one of the things that previous generations of Australians have taken for granted, namely affordable shelter, it would also pose elevated risks of problems of over-leverage and asset price deflation down the track.
There are also uncertainties about the magnitudes of the effects of the spillovers to African economies with respect to measured effects of the collapse of global demand, the effects of the collapse in commodity prices on African export volumes and values, and the effects of reduced balance of payments surplus.