If you are waiting for supply and demand to balance in the housing market, don’t hold your breath. Demand keeps rising, supply is drifting down and according to the Reserve Bank’s chief economist, there isn’t a quick-fix solution.
The bottom line is that the cost to build – be it from higher material costs to higher labour costs – doesn’t stack up for developers. “This may sound like a small change. But, if for some reason average household size rose back to 2.8, we would need 1.2 million fewer dwellings to house our current population – no small difference.”
The bottom line is that the cost to build – be it from higher material costs to higher labour costs – doesn’t stack up for developers.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why Biden wanted to debate Trump early, and why Trump said yesBiden’s advisers have long believed that the dawning realisation of a Trump-Biden rematch will be a balm for the president’s droopy approval ratings.
Source: smh - 🏆 6. / 80 Read more »
Why Biden wanted to debate Trump early, and why Trump said yesBiden’s advisers have long believed that the dawning realisation of a Trump-Biden rematch will be a balm for the president’s droopy approval ratings.
Source: theage - 🏆 8. / 77 Read more »
Why Biden wanted to debate Trump early, and why Trump said yesBiden’s advisers have long believed that the dawning realisation of a Trump-Biden rematch will be a balm for the president’s droopy approval ratings.
Source: brisbanetimes - 🏆 13. / 67 Read more »
Gold price: Why superannuation funds are wrong on goldMillions of Australians could be missing out on the benefits of gold because of a conflict of interest inherent in big super.
Source: FinancialReview - 🏆 2. / 90 Read more »
Price, speed and Elon Musk: why some Australians are ditching the NBNWhile politicians argue over who to blame for a decline in Australia’s broadband uptake, customers are seeking more affordable ways to get online
Source: GuardianAus - 🏆 1. / 98 Read more »
CBA share price: Why a ‘bemused’ Matt Comyn is wary of banking’s mortgages battlegroundCBA’s chief executive started banging the drum on loss-making mortgages early last year. Now, the broader banking sector appears to be thinking along the same lines.
Source: FinancialReview - 🏆 2. / 90 Read more »