Property in Australia

Housing boom hits Australia

by Mark Benson on May 18, 2013

Housing boom hits Australia

It will come as no surprise to learn that the Housing Industry Forecasting Group has increased its forecast for Australian new starts to the year-end June 2013. The last prediction was made in October 2012 with around 21,000 new builds expected although this figure has now been increased to 22,500. This is a 27% increase on the corresponding period last year and there are a number of reasons why the housing boom in Australia is set to continue.

Growing population

As we have covered in some of our recent articles, the population of Australia is growing dramatically and indeed the government is now looking at limiting this growth in the medium term. The ever-growing number of overseas skilled workers and other expats moving to Australia is having an impact upon long-term population trends with more and more families now having overseas connections. [click to continue…]

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