A national housing supply crunch and a booming population.
What does 10 months straight of interest rate rises do to an economy? It forces a nation into a dual housing crisis. According to the Property Council of Australia, 72% of renters surveyed want to own a home but cannot overcome the ‘deposit gap’.
We are in for a challenging year ahead, however are confident given rising migration, that if we fast forward 12 – 24 months demand will be sky high across all housing sectors.