Australia heading towards a severe housing crisis
Australia is heading towards a severe housing crisis, with a projected shortage of 106,000 homes by 2027.
Source: yourinvestmentpropertymag.com.au
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Australia is heading towards a severe housing crisis, with a projected shortage of 106,000 homes by 2027.
Australia’s ‘grim’ rental and housing crisis could be about to get far worse than anyone can imagine.
This mainly due to migration and fast interest rate hikes
Surging population growth and a squeeze on new supply triggered by the fastest rate-rising cycle in three decades has worsened the predicted shortfall of homes over the next five years by more than 40,000.
The national housing report, released on Monday, says rising interest rates have reduced supply of new homes