top | item 39957570

(no title)

fungi | 1 year ago

Australia's growth in housing supply has outpaced population for over a decade.

https://www.theguardian.com/news/datablog/2023/dec/12/austra...

Yes population is important, no it's not the crux of the matter.

> And the government - mostly landlord owning multi house portfolios - have zero interest in fixing it.

That 100% is. Would add that news corp is largely a portal to realestate and nine/fairfax is to domain.

discuss

order

Nursie|1 year ago

That article does say though -

“The housing market hasn’t kept up with the surge in migration over the past 12 to 18 months”

And

“But I think in the short term, you’re certainly seeing some growing pains because the housing market can’t really keep up.”

Certainly here in WA it seems to have gone utterly nuts in the last year and a half.