Property Investment Opportunity: WA Faces Decades Long Housing Shortage.
PERTH, Western Australia- The housing crisis shows no signs of abating, with Australia needing to produce at least 50,000 new dwellings per year, above the current figure of 150,000 new homes.
“There is regularly a shortage and the gap is widening each year,” OECD economist Christopher Andrew said of the housing crisis. There are many factors contributing to the lack of homes for Australians, commentators say. Some blame the high taxes levied by Australian governments on new homes, others say the pool of capital being invested in equities should be allocated to property to fight the shortfall…
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