Full-blown housing crisis looms
Posted by Dianne | Charterhill Group in EzResidential on September 1, 2010
ANZ Banking Group has criticised first-home buyer incentives as a Bank-Aid approach to the housing shortage and warned of a “full-blown housing crisis” if supply-side obstacles are not removed.
The bank warns that dwelling completions will probably peak just below 160,000 in 2011 before retreating to well below the 200,000 a year that is needed, driving up house prices and rents.
Price growth in both house prices and rents is expected to continue well towards the end of this decade……
The Australian Financial Review 19th August 2010
ANZ says housing shortage will cause housing price boom
Posted by Dianne | Charterhill Group in News on July 19, 2008
THE ANZ Bank says the growing housing shortage is setting Australia up for the “mother of all” housing booms.
New home building figures showing slumping building approvals have sparked fears of a price and rent explosion that will price even more prospective buyers out of the market.
The ANZ’s senior economist, Paul Braddick, said yesterday Australia faced a critical and potentially chronic shortage of housing.
“A growing housing shortage is setting the scene for the mother of all housing booms,” Mr Braddick said.
Welcome to EzRes!
Posted by Dianne | Charterhill Group in EzResidential on July 17, 2008
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