Philip Lowe has become an easy target for struggling renters. But he can’t fix the housing crisis
It’s the sort of highly clickable headline that turns Australia’s housing woes into great content, giving angry renters someone to blame for their predicament: an out-of-touch Reserve Bank governor.
More people wanting to move out of home and live alone “doesn’t work” without more supply, he said, causing higher house prices and rents.“As rents go up people decide not to move out of home, or you don’t have that home office, you … get a flatmate.”
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