Strong demand and high returns on lower value houses is fuel to a white hot housing market
Strong demand and high returns on lower value houses is fuel to a white hot housing market
10 February 2021
CoreLogic reports the low end of the market grew by nine per cent last year - but had the largest gains at 16 per cent.
Rents also rose eight per cent in the three months before December, up an average 35 dollars per week on last year.
Property Economist Kelvin Davidson says it's feeding into the wider story of housing unaffordability.
He says it's become an issue for the public, the Government and the central bank - and what we need is more houses.
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