Even the experts say Australia's real estate market 'seems quite odd'

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Rental prices are rising in some places and falling elsewhere. Sale prices are going up at different rates in different areas. Experts say the housing market has structural problems that need addressing.

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.

 

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