Home demand

City Rents To Soar Due To House Shortages

16 August 2011

Housing shortages could lead to rent increases of up to 7% in some capital cities over the next two to three years. BIS Shrapnel reckons that annual rent increases of between 5-7% will be common in Sydney, Melbourne and Perth over the coming years; Adelaide, Melbourne and Hobart will also see regular increases of 5-7%. [...]

Read the full article →

Plan Reveals City Needs 770,000 More Homes

16 August 2011

SYDNEY will have to squeeze in almost 50 per cent more homes for an extra 1.7 million people over the next 25 years, with many living in smaller households, a new master plan for the city’s growth shows. More than 70 per cent of the homes will have to be built in urban areas, with [...]

Read the full article →