NEWS
Australian property in short supply
The supply shortfall for Australian real estate could reach 500.000 units in the next two decades as population expands.
With supply low, and demand high, property prices are likely to head higher.
A national shortage of property in Australia is predicted to get worse and the ongoing gap between demand and supply is set to continue increasing.
It is estimated that Australia’s population of 22 million will rise to 34 million by 2050. In the short term there are no signs that rising property prices are set to slow despite a rise in interest rates.
Shortages are for both houses and apartments.
Source: propertywire
Published: 03 April 2010
