Housing markets in the more popular coastal regions saw some of the biggest sale price rises in 2020, and some of the sharpest tightening in rental markets, from good availability to very little availability.There, house prices increased by just over ten per cent in 2020, but the always-competitive rental market tightened even further to around 30 listings a week in late 2020.
Dr Houghton will lead research into rental shortages and housing supply in the regions over the next six months, which may lead to recommendations to ease the problem. Professor Pawson says the problem is structural, because Australian governments have effectively subsidised housing investment through tax incentives for home owners.
“Experts say”
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: