Don't expect a deluge of new homes to bring property prices down
Should an influx of new homes hit the market as the construction sector overcomes its challenges, property prices are highly unlikely to fall as a result.
One in six approved unit projects around the country have failed to move through to completion, with parts of Sydney (pictured) faring far worse. (Image source: Elias Bitar/Shutterstock.com + miriamsandkuhler.com.au)
Over the last three years, there has been an avalanche of talk about how to get Australia’s construction industry into shape so it can pump out more product and solve the housing affordability issue.
If you’ve been one of those investors concerned that the market could get swamped with new housing resulting in price falls, don’t be.
Not only is the promised surge in residential construction unlikely to materialise, even if it did, it wouldn’t h…
