Rising interest rates, population growth and price increases caused by a shortfall in the supply of new homes are contributing to a 22-year low in affordability. As a result many home buyers are considering medium and higher density housing as more affordable options.
Archive for January, 2008
Australian Housing Less Affordable in 2008
Australian Rental Vacancies at an All-Time Low
Residential rental vacancy rates have averaged an all-time low of 1.9 percent across Australia for the past two and a half years. As a result of very tight vacancy rates, rents have increased significantly right across Australia.
