Housing Crisis Or Population Crisis?

The ABS released the latest Australian net long term and permanent arrivals data for November and revealed the highest level ever for that particular month. Net arrivals for the month are up 3.8% compared with this time last year and up 78.7% vs this time in 2019. So my question today is, does Australia have a housing crisis or a population crisis? Most agree we are in a housing affordability crisis. As I highlighted yesterday, interest rates are likely to turn higher in the months ahead, and the ratio of mortgages to income is often in the eight range. Unaffordable […]