31 May 2023
Australian Residential Property Solution
- Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner
Home ownership in Australia peaked in 1966 at 73% of the adult population while today it sits at 63% and is likely to fall further.
The problem is lack of supply of residential property.
The Federal Government is planning to bring up to 700,000 migrants into Australia over the next 24 months and these people need to sleep somewhere.
NIMBY (not in my backyard) resistance from residence and local councils is acting as a further break on building new residential property.
The result is high residential property prices and increasing rents.
The solution is simple, build more residential property by learning from our neighbours across the ditch.
Click to read.
Steep rises in residential property prices and steep rises in rents is not sustainable.
If you have family, friends or colleagues that want financial advice please ask them to contact us and we will work out how best to help.
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