Peter Tulip (@peter_tulip) 's Twitter Profile
Peter Tulip

@peter_tulip

Chief Economist at Centre for Independent Studies. Ex-RBA, ex-Fed.

ID: 1133241871122124800

calendar_today28-05-2019 05:21:31

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Peter Tulip
@peter_tulip

3 months ago

I keep hearing "these new apartments are expensive, so they won't improve affordability". This is wrong. New supply reduces the price of existing dwellings, as in any market. The price of the new units makes little difference. 1/6