Relevant:
- Laugh of the Day: "No Risk of Housing Bust" says Australia Central Banker
- Housing Crisis on the Horizon
- Inane Thoughts of the Day: CNNMoney Article says "Housing Shortage is Coming"; Coldwell Banker CEO says Now is the "Absolute Best Time" to Buy a Home
- Edelweiss Housing Finance bullish on housing demand
- U.S. home sales hit 10-year high, prices soar on low inventory
2010-03-31 — moneymorning.com.au
Make no mistake, the much claimed Australian housing shortage will also be seen as a myth after our housing market crashes. The Australian market is making the same mistakes as the US.
But take a look at those numbers from the HIA again. If today’s housing shortage is 109,000, and the figure in 2020 will be 466,000, that works out as an annual growth rate of about 15.6%.
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