Defense land sell-off sparks housing potential
The federal government’s plan to sell off surplus Defence land is prompting states to assess whether former military sites could help ease the housing crunch. Click here to view:
Despite rapidly rising interest rates and strong population growth, a lack of homes coming to market and overall housing shortages led to big increases in both prices and rents across Australia in 2023.Despite many predictions of a catastrophic fall in house prices in 2023, they did in fact move in the opposite direction. Leading the way has been Perth but the combination of strong population growth and a shortage of homes was enough to combat rising interest rates. As interest rates head close to peak, it is expected that price growth will continue.
The federal government’s plan to sell off surplus Defence land is prompting states to assess whether former military sites could help ease the housing crunch. Click here to view:
Rental stress among Australians aged over 75 has surged 116 per cent since 2013, with experts warning 55,000 older people face potential homelessness without urgent reform. Click here to view: