Reducing this 12 / 14  BIS central bankers' speeches  amplification while a better balance is established between supply and demand in the housing market can help with the resilience of our economy. There are some reasons to expect that a better balance between supply and demand will be established over time. One is the increased rate of home-building.
As we are seeing here in Brisbane and some parts of Melbourne, increased supply does affect prices. This increase in supply is also affecting rents, which are increasing very slowly in most markets. A second reason is the increased investment in some cities, including in Sydney, on transport.