Archive for July, 2008
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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