The housing supply crunch may be good news for investors – here's why
The number of building approvals plunged by 17.2%, ABS figures show
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The number of building approvals plunged by 17.2%, ABS figures show
Melbourne continued its downward spiral in July, as the property values in the city recorded deeper declines during the month. But experts are also pencilling in when a potential rebound might occur for the Victorian capital.
Credit ratings agency Moody's Investors Service is expecting rising interest rates to make housing less affordable despite forecasts of big house price drops.
Rich Dad Poor Dad author Robert Kiyosaki took to Twitter on Wednesday to warn his followers the 'biggest bubble in history' was about to burst with real estate and stocks to take a massive hit.
Australia's most expensive capital city for renters also had the steepest surge in house prices last year. But it wasn't Sydney, Brisbane or Hobart. House prices here climbed by 36.6 per cent in 2021.