NIMBYs v YIMBYS: solving Sydney’s rental crisis and chronic housing shortage
The growing imbalance between demand and supply, as well as higher interest rates, is pushing Sydney and New South Wales rents through the roof and making life precarious for tenants and property investors alike.
Mortgage stress and homelessness are increasingly the outcome of a lack of policies addressing the housing supply shortage. (Image source: Shutterstock.com)
After another increase in early May, the hope is that interest rates have now reached their peak.
The fact that house prices appear to have rebounded while rates were still trending upwards
points to the resilience of the housing market.It also points to the lack of supply.
CoreLogic figures show national house prices rose in April for the second consecutive month and at 1.3 per cent, Sydney led the charge
.Rents are rising too. As at March,…
