Why is housing in australia so expensive
A common explanation is that Sydney housing supply is just not keeping up with demand as strong population growth and a lack of land release combine to drive up house prices. Various experts have been telling us every few months that the housing bubble is about to pop and spray us all with crushed bricks and mortar and negative equity. So far, this bubble has been quite resilient, good economic times or bad. There is a serious housing crisis in this country for this reason. Council property is social housing, a resourse for families who have no other options,How can this be resolved when literally thousands of houses are now occupied by people. Compared to the US yeah. Life is good here though so. Apartments aren’t that much cheaper: Sydney AUD 733(= USD 56109), Melbourne AUD 503(= USD 39806). As for why housing is so expensive, in part it’s because of the rate of population growth. Certainly, if housing supply was far more responsive to demand in Sydney , then...