Just incase you didn’t see or hear about this report from ANZ’s chief economist, here is a PDF copy of the Report.

Basically it covers the the current supply and demand constraints on the Australian housing market. It then goes on to talk about the mother of all housing booms in to occur in Australia in the next 5 to 10 years.

Although the global finacial crisis has deepened significantly since this report came out, the basic fundementals still apply.

Download the report and have a read here: ANZ Economic Outlook October 2008