I believe our so called housing shortage was just a flood of gurus, home- hot property and reno shows, low interest rates and doubling home grants, causing a boom and 1000's of new found investors suddenly buying 2 and 3 houses instead of the usual one and first home buyers suddenly having a deposit.
The FHOG this year alone caused a 2o% or 30 increase , after 6 yrs of boom and a world recession, add new found investors all over the place = squeeze.
If things were left to run their natural course , there'd be extra houses again this year.
We could actually end up with a flood of unwanted blocks if nothing else that's for sure. From what I've seen as all over Vic they're rushing through new sub approvals all over the place because of our , um land shortage. Suddenly towns of 1000 people have 300 new blocks , or 30,000 x 2 and 3000 new blocks.
Just my theory.
Cheers
The FHOG this year alone caused a 2o% or 30 increase , after 6 yrs of boom and a world recession, add new found investors all over the place = squeeze.
If things were left to run their natural course , there'd be extra houses again this year.
We could actually end up with a flood of unwanted blocks if nothing else that's for sure. From what I've seen as all over Vic they're rushing through new sub approvals all over the place because of our , um land shortage. Suddenly towns of 1000 people have 300 new blocks , or 30,000 x 2 and 3000 new blocks.
Just my theory.
Cheers
Last edited: