Calls for cheaper homes are 'nonsense' while banking system underpinned by housing

Paul Schroder, CEO of AustralianSuper, warned that Australia's economy cannot rely on inflated housing prices for wealth generation. He described calls for cheaper homes as 'nonsense' under the current system, which heavily depends on housing values. Schroder emphasized the need for a serious reevaluation of capital allocation and housing affordability in the nation.

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Summary by Glance · Original reporting by ABC News – Top stories