For anyone who cares about the big issues afflicting housing markets, the Federal Budget delivered on 9 May was a monumental disappointment. Many Australians – including myself – believe that the biggest issue confronting the most people in this country is the COST OF SHELTER.
A chronic shortage of homes for rent A shortage of construction of new dwellings A shortage of the materials and tradespeople needed to build new homes
A shortage of affordable options for people early in the property life cycle. And there was nothing – NOTHING – in this Federal Budget which addressed the underlying causes of these endemic problems.
The big issue is the cost of buying homes and the cost of renting homes – with one key word describing the essence of the problem: SHORTAGE.We have a shortage of everything that matters in our housing markets:- * A shortage of listing of homes for sale
A shortage of affordable options for people early in the property life cycle. And there was nothing – NOTHING – in this Federal Budget which addressed the underlying causes of these endemic problems.
