Australian property costs have had their fastest annual growth rate in 32 years, and while the month-to-month pace has slowed, a brand new peak could be coming. Australian housing prices keep creeping larger, pushing more would-be first home consumers off the property ladder and fuelling rate hike discuss. The overheated housing market needs a major overhaul or Australia runs the risk of leaving future generations without access to affordable housing, consultants warn. The regional housing increase shows no sign of abating, with some areas hugely outperforming the eye-watering value development in capital cities.
- And we have quite a need with a quantity of houses which would possibly be coming into our market and having over 100,000 individuals in our commerce space to not have retail for people to go and shop with all these new houses coming in,” Spencer stated.
- Overall, over 5 million low-income households both reside in public