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Australian Housing Crisis
Essay specific features
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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