AUSTRALIA HOUSING SHORTAGE News

Australians have always had a strong interest in property, viewing the family home as a symbol of prosperity and stability. This is evident in the consistently high rates of home ownership, surpassing 50% since the aftermath of World War II.

Given its significant impact on the economy, the property market is a major concern for both the public and policymakers in Australia. Recently, the media has been abuzz with reports on home prices, as the market's unexpected shift has defied predictions.

With the interest rates hike, continuous large numbers of immigrants per year and shortage of land suitable for residential housing, the question arises: are we witnessing an irrevocable housing crash?

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