Unit prices set to boom in 2024 as demand soars, supply languishes
With housing supply failing to meet demand and the cash rate potentially easing in 2024, greater purchasing power could fuel a price boom in the unit market into next year.
The Gold Coast typifies the shortage of apartments being experienced in capital cities around Australia. (Image source: Shutterstock.com)
Soaring overseas migration is driving rents and property prices higher
at a time when land and unit supply is failing to meet demand.The most populous states on the east coast are attracting the bulk of new residents but it this population boost that has coincided with a large decline in vacant land settlements, a lack of new housing supply and builders struggling to even keep up with a workload that goes nowhere near addressing the housing sho…
