Australian Housing Crisis

Essay specific features

 

Issue:

Social Issues

 

Written by:

Sonya B

 

Date added:

June 1, 2015

 

Level:

University

 

Grade:

 

No of pages / words:

5 / 1278

 

Was viewed:

3860 times

 

Rating of current essay:

 
Essay content:

In an addition to unemployment, the meagre workforce of homebuilders and architects greatly reduces the supply of new home need by the population ? Population Boom A higher standard of living along with the influx of new migrants adds a great number of people who need homes. ? Inescapable Interest Rate Rises In the recent years, the Reserve bank of Australia has had to raise interest rate 12 consecutive times...
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The interest rate now stands at a crippling 9%. ? Escalation In Housing Demand As a result of the population boom, the demand for new homes has significantly increased. This rise in demand has ultimately resulted in the increase of prices. ? Infrastructure Australia has a very spread out pulpous and the current infrastructure is just starting to show signs of not being able to keep up with the shear amount of new cars...
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