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Too many people too few houses

Discussion in 'Real Estate' started by Jacque, 7th Jun, 2011.

  1. Jacque

    Jacque Team InvestEd

    Joined:
    16th Jun, 2005
    Posts:
    1,885
    Location:
    Sydney
    http://rebaa.com.au/images/media/2011/Too_many_people_16_april.pdf

    Interesting article from the April Weekend Australian on vacancy rates. Unlike the US we have a shortage of housing in many parts of our wide brown land and it doesn't appear to be abating. With vacancy rates now hovering around 1% nationally its tough times for tenants.
     
  2. Billv

    Billv Getting there

    Joined:
    15th Jul, 2007
    Posts:
    1,796
    Location:
    Sydney, NSW
    Jacque
    And there is no light at the end of the tunnel.
    I think we need more insentives for developers and the easiest thing IMO would be to introduce easier lending.
    We need a nationwide lending scheme for residential developments.
    Ofcourse lower state taxes would help as well