Forget about interest rates, cost of living and the economy - one factor is dominating the property market
Interest rates and inflation have dominated business page headlines for years but when it comes to the property market today, another variable is driving price growth and housing supply shortages more than any other.
Juggling the need for more skilled workers and a handbrake on population growth is the government's delicate balancing act. (Image source: Shutterstock.com)
The controversy about Australia’s record population growth continues, particularly when it comes to the ever-increasing demand for residential properties, whether that is to buy or rent.
At the same time, construction levels of new properties are actually in decline.
The most fundamental driver of real estate prices
is the equation of supply and demand, with population growth at the centre of it all.Irrespective of the size of the current dem…
