Rehashed headlines and misinformation.
It’s hard to overstate the extent of the damage done to the real estate market by this year’s financial crisis, as many people were left with no choice but to turn to alternative sources of income.
And now, a new study has found that the number of people applying for real estate licences has risen by an alarming 50% since 2014, and that it’s been fuelled by a massive influx of new listings.
That’s the finding of a new report from the Australian Property Brokers Association and the Property Trusts Association that examines the impact of a housing boom that has seen the number and size of properties in the country rise by 30% in the past year.
“The current financial climate is really pushing people into the realtor market,” said Andrew Kelly, the CEO of the APRBA.
“It’s driven by the financial crisis and people are searching for a way to protect their property portfolio.”
Kelly said the current boom was also a result of an unprecedented shortage of supply of housing, particularly in regional and regional suburbs.
“People are looking for a place to live in the suburbs,” he said.
“So we’re seeing a surge in people looking for houses in these areas.”
It’s all driven by people looking to invest, which is a real issue.
“The boom started to take off in late 2014, with sales and rent increases that helped to boost the market value of properties by more than $US100 million in just one year.
But the financial impact has since been magnified by a host of factors including the arrival of more foreign investors, and the introduction of new stamp duty measures that effectively cut the supply of apartments.
The number of apartments being sold in Sydney has increased by nearly 10% in just two years, with more than 100,000 apartments sold in the region since 2013.
And the number sold in Melbourne has more than tripled, to more than 1.3 million in the same period.
The APRBRA’s Kelly said that the numbers of properties being sold have increased by more of the same over the past four years, but that they have become more expensive to purchase.”
And now that demand has begun to increase, as well as the supply, the average price of a property has doubled in just three years, to $US1.3m in July 2017. “
That’s because there wasn’t much demand, and so there was not much demand for them.”
And now that demand has begun to increase, as well as the supply, the average price of a property has doubled in just three years, to $US1.3m in July 2017.
“We’re seeing the housing market in Melbourne, Sydney and Brisbane being sold out at a pace that’s just unbelievable,” he continued.
“The prices have increased at a rate that’s never been seen in the market before.”
That growth has driven prices for homes in some areas to triple, with some properties going for as much as $US10 million.
“If you’re a house owner in Sydney, you’re looking at a $US40,000 price increase in your property,” Kelly said.
Property Trust Australia’s Kelly also said that new rules introduced by the State Government earlier this year have significantly increased the demand for residential property in the state.
“As we’ve seen in other parts of Australia, that’s driven up the price of residential property by around 50% in some cases,” he added.
“There’s a very, very, significant increase in demand for that type of property in this state.”
So, it’s a real problem, and we’ve got to address it.
Property trust association chief executive Greg Clark said that while the realtours and the AFRBA would like to see more affordable housing built in the city, the problem is that it doesn’t seem to be happening fast enough. “
This is something that we’re going to continue to work on,” Kelly explained.
Property trust association chief executive Greg Clark said that while the realtours and the AFRBA would like to see more affordable housing built in the city, the problem is that it doesn’t seem to be happening fast enough.
“What’s really happening is that people are not being able to afford the home that they’re buying in a market that is saturated,” he told news.com and video.
The realtor group says that while they’re not happy with the changes that have been introduced, the state is on track to meet the 2020 target of providing at least 50% of all housing needs with affordable housing. “
And that’s going to be a real, serious problem, which we’re not going to solve overnight.”
The realtor group says that while they’re not happy with the changes that have been introduced, the state is on track to meet the 2020 target of providing at least 50% of all housing needs with affordable housing.
But Kelly said there’s a huge opportunity for those working to build affordable housing, including the local housing authority.
“I don’t think we should be doing what we’re doing now, because the next 10 years are going to see a huge increase in housing