'Constrained' housing supply and 'population growth' lead to record highs in hou

REA Group Senior Economist Eleanor Creagh discusses Australia’s real estate supply and demand imbalance. Last month, Australian house prices hit a new record high, with capital cities leading the way. “We’re seeing that we’ve got this stronger home buying demand environment,” Ms Creagh told Sky News Australia. “We’ve got strong population growth, very tight rental markets. “Those home equity gains of recent years incentivising upgrade activity, but at the same time we’ve got a pretty constrained housing supply environment.