Australia's Swan: Need To Do More On Housing Supply
CANBERRA -(Dow Jones)- Australian Treasurer Wayne Swan said Friday that
federal and state governments need to do more to boost the supply of housing,
particularly given an existing shortage and the country's growing population.
"We've got to get ahead of the curve. We've not been building enough houses
and we have strong population growth so it will be very important as we move
through to economic recovery to ensure we don't have capacity constraints that
flow from the shortage of housing," he told reporters.
The treasurer's comments echo similar remarks from the Reserve Bank of
Australia, which is concerned that the limited supply of new housing could push
up prices.
Swan also reiterated the government stimulus programs had peaked and would
continue to diminish during 2010.
-By Rachel Pannett, Dow Jones Newswires;
61-2-6208-0901; rachel.pannett@dowjones.com
(END) Dow Jones Newswires
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