Study finds there is no housing shortage in Australia - Polidicks

[url]http://www.abc.net.au/news/2017-11-20/house-price-growth-based-on-undersupply-myth-anu/9167688[/url] [quote]Australia does not have a housing shortage, with inner-city areas of Sydney, Melbourne and Brisbane some of the nation's most oversupplied regions, according to new research from ANU. The analysis estimates the nation's housing oversupply at 164,000, or 32,000 if the significant increase in unoccupied dwellings is excluded. The study by associate professor Ben Phillips and researcher Cukkoo Joseph from the Australian National University shows that between 2001 and 2017 Australia built more homes than it needed to house the growth in population over that period. The academics' findings tally with other recent research showing that Australia has a moderate housing oversupply. However, this research used a relatively sophisticated methodology that accounted for demographic changes. Additionally, it accounted for an increase in people residing in "non-private dwellings" — such as student accommodation or nursing homes — that are often excluded from housing supply-demand analyses and tend to exaggerate an apparent housing shortage. This report has also gone below state-level analysis to regional calculations. It found that the inner-city area of Sydney had the nation's largest housing oversupply, at just under 6,000 dwellings.[/quote] I've been saying there is no shortage based on the rental price but its good to see more evidence for it.

of course, foreign investors and other rich cunts are buying up houses and keeping them empty so prices go up, its fucking dog shit, and the government isn't doing shit about it while lower and middle class people are struggling to get their own home.

[quote]The analysis estimates the nation's housing oversupply at 164,000, or 32,000 if the significant increase in unoccupied dwellings is excluded.[/quote] That's quite the difference there. So there are 132,000 unoccupied houses? Good lord. [editline]20th November 2017[/editline] The meat of the study seems to fail to exclude unoccupied homes. [quote]It found that the inner-city area of Sydney had the nation's largest housing oversupply, at just under 6,000 dwellings.[/quote] This number is actually significantly smaller. It's technically not a 'shortage' until it hits a really low number, but the prices of homes is definitely going to be impacted here.

There's a over supply and yet rental prices and market buy in prices are enormous. How about fix the real fucking issues like foreign investment, not just cutting supply.

Oh sure, plenty of houses... It's just that most of us poor bastards can't [I]afford[/I] any of them.

[QUOTE=Ona;52909514]Oh sure, plenty of houses... It's just that most of us poor bastards can't [I]afford[/I] any of them.[/QUOTE] Stop buying your smashed avo on toast and then u can

[QUOTE=LAMB SAUCE;52909453]There's a over supply and yet rental prices and market buy in prices are enormous. How about fix the real fucking issues like foreign investment, not just cutting supply.[/QUOTE] Rental prices aren't enormous. They've grown far more slowly than house prices and are evidence of the bubble.

Its great that theres no physical shortage, but the unoccupied housing might be a result of the insane housing costs these days and insane rent pricing.

currently in the eastern suburbs of Sydney, I’m paying $650 a week just for rent. That’s not including any other utilities, or other expenses. It’s a bloody joke...

[QUOTE=-n3o-;52910629]currently in the eastern suburbs of Sydney, I’m paying $650 a week just for rent. That’s not including any other utilities, or other expenses. It’s a bloody joke...[/QUOTE] So glad I'm 190/w 2km from work.

[QUOTE=download;52910455]Rental prices aren't enormous. They've grown far more slowly than house prices and are evidence of the bubble.[/QUOTE] Really? Theres a LOT of suburbs out there with rentals skyrocketing with house prices.

[QUOTE=LAMB SAUCE;52911098]Really? Theres a LOT of suburbs out there with rentals skyrocketing with house prices.[/QUOTE] There might be a few spots where it's awful, but on average, rental prices have only increased slightly above inflation.

[QUOTE=download;52911159]There might be a few spots where it's awful, but on average, rental prices have only increased slightly above inflation.[/QUOTE] Yeah maybe not Ipswich mate but most suburbs in capital cities are going way above inflation