CoreLogic’s head of research, Tim Lawless, has reaffirmed the commonly held view that Australia’s housing market is headed into shortage as dwelling starts collapse well below strong population growth:
Housing starts have fallen below their decade average even as apartment construction levels remain elevated and a return to undersupply is inevitable, CoreLogic head of research Tim Lawless says…
While the number of units under construction in NSW, Victoria and Queensland remain above their average levels of the past 10 years, new housing starts – a figure that includes both detached homes and units – have dropped below the decade average for the first time in five years, Mr Lawless said…
