For owners, houses are actually cheap

Treasury and Reserve Bank see prices rising another 22% over next 3-4 years because interest rates are low, housing supply isn't growing fast enough and the tax incentives are still there

Treasury and Reserve Bank see prices rising another 22% over next 3-4 years because interest rates are low, housing supply isn't growing fast enough and the tax incentives are still there, Bernard Hickey reports, for those wondering how prices could possibly go any higher. Prices would double almost immediately if buyers and banks followed their basic i…