Competition for housing at the bottom end of the market in Australia’s big cities is fierce as our population continues to swell. Australian Bureau of Statistics’ data shows 1,500 new resident move into greater Melbourne each week. Perth and Sydney trail slightly, both welcoming approximately 1,200 new residents every week. Simple supply and demand logic tells us the rental market is not going to soften any time soon. So how did we get here and where did we go wrong?
Posted on: Thu, 06 Jun 2013 01:09:01 +0000
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