Added over 9 years ago
Australia is suffering from a chronic housing shortage, which has always been targeted as a major reason for driving up property prices. According to a leading global investment bank, Australia’s housing shortage is estimated to reach 250,000 dwellings by 2012, which is nine-times the size of the next largest housing gap experienced in the mid-19702. The Sydney Morning Herald published that the national housing shortage can be placed almost entirely to Sydney and Queensland.
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