News Archive
Governor Monetary Policy
Housing Crisis to Continue into Next Decade
The dream of home ownership that is enshrined in Australian culture may be slipping out of reach of generations to come as affordability deteriorates to almost record levels.
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Housing Prices Could Rise 40%
Economic forecaster BIS Shrapnel says the housing affordability crisis will only get worse as demand for housing continues to outstrip supply. BIS Shrapnel property analyst Angie Zigomanis says the outlook for the housing market is dire.
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Location critical for value
What are the factors that make house values rise? First, the supply of land is not elastic when all the land on a riverbank is built on, there is no more vacant land left there. It can't be rolled off a production line like Ford, producing another Falcon or Holden producing another Commodore. And its scarcity value is affected by geographical factors such as rivers and mountains. In many cities the sea stops development on one side and mountains hinder it on the other.
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