‘More chance of winning lotto’ than housing targets being met
Australia's property prices look set to continue climbing with the prospects of housing supply meeting demand remote, but there may be changes as to which property markets perform best in 2024.
The dominance of capital cities in the property prospects rankings reflects national trends that have emerged recently, with the cities outperforming the regions on price growth. (Image source: Shutterstock.com)
Property prices driven upwards by a lack of supply appear unlikely to change trajectory, with PIPA Chair Nicola McDougall declaring “I have a better chance of winning Lotto next week” than the government has of constructing 1.2 million new dwellings over the next five years.
The upshot of the federal government’s ambitious housing targets falling further behind by the month, while migration levels and population growth remain high, is that prope…
