Social housing is being built at the fastest pace since the 1980s. But we are still leaving hundreds of thousands of Australians waiting for a home.

SYDNEY (Reuters) - Argument over whether Australian housing is in a bubble has dragged on for over a decade. A Google search on the subject draws 600,000 returns. It even has its own Wikipedia page.

Australia’s economy looks robust in the aggregate, buoyed once again by strong Christmas spending. But beneath the headline numbers lies a story of households stretched by mortgage debt, demand ...