Buying property in Australia is still a pipe dream for many. While markets in some areas have cooled a little in recent months in the lead-up to predicted interestrate rises, there are other factors keeping house prices high, according to a Cash Rate Survey by the Reserve Bank of Australia’s comparison platform Finder, published in February this year. These include labour shortages and supply-chain issues, as well as the reopening of international travel borders.
But even if there is a hiatus in the property market and it stops booming, the current sky-high prices and lack of affordable options means that many people will not be able to afford suitable residential land or a house in the near future. And as for a bespoke home designed by an architect, or even…
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Inside Out (Digital) - 1 Issue, June 2022