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NSW could close its borders tomorrow and it would still take three years, at current construction rates, to build enough homes to fill the state's unprecedented housing shortage.
The state's housing shortage will top 100,000 homes next year for the first time.
There is still a lot of unsatisfied demand for housing.
ANZ senior economist David Cannington
Despite a boom in apartment building in some pockets of Sydney, demand for new homes is outstripping supply, a new analysis by ANZ Bank has revealed.
NSW is still failing to build enough homes to keep up with rising demand, a new ANZ Bank report reveals.
NSW is still failing to build enough homes to keep up with rising demand, a new ANZ Bank report reveals. Photo: Erin Jonasson
Amid fears of a housing price bubble, ANZ senior economist, David Cannington, said the analysis suggested any price falls would be limited.
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"The question of whether the market is in a bubble is really about whether there is significant downside risk to prices," Mr Cannington said.
"What this analysis says is there is still a lot of unsatisfied demand for housing. So even when prices do start to fall, that creates opportunities for potential households who are priced out of the market."
"This is part of the reason why house prices are able to be supported at the high level that they are at the moment."
Read more: http://www.smh.com.au/business/n ... .html#ixzz44KxGj0Hw
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发表于 2016-3-29 22:08
