Three Considerations to Home Affordability

Australia’s real estate industry will be making home affordability a greater cause of concern, in an economic sense. The data on housing starts is anticipated to face a decline this year. This decline is attributed to state laws on the use of land, zoning policies, tax obligations for developers and other regulations that inhibit developments of new houses. With the expected contraction (or less supply), house prices will be pulled up on aggregate. While the factors influencing affordability is primarily economic, it shouldn’t be the deciding factor to owning a…

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