In three years' time, an Australian property shortfall may be witnessed, according to one industry expert.
Speaking to the Australian newspaper, Janusz Hooker, who takes care of LJ Hooker Real Estate Agents, commented that the country may be short of as many as 400,000 homes by the time 2014 comes around.
He explained to the news provider that this will be quite "significant for a population of around 22 million people".
In addition to this potential development, Mr Hooker also addressed the issue of interest rate changes in Australia and how these may have impacted the property sector in recent times.
The changes made by the Reserve Bank "can have an effect on people's propensity to buy property", he pointed out.
Earlier in the week, Australian shadow treasurer Joe Hockey also suggested that the housing sector has been affected by the country's fairly high number of interest rate amendments.
Posted by Ravin Chatlani
Speaking to the Australian newspaper, Janusz Hooker, who takes care of LJ Hooker Real Estate Agents, commented that the country may be short of as many as 400,000 homes by the time 2014 comes around.
He explained to the news provider that this will be quite "significant for a population of around 22 million people".
In addition to this potential development, Mr Hooker also addressed the issue of interest rate changes in Australia and how these may have impacted the property sector in recent times.
The changes made by the Reserve Bank "can have an effect on people's propensity to buy property", he pointed out.
Earlier in the week, Australian shadow treasurer Joe Hockey also suggested that the housing sector has been affected by the country's fairly high number of interest rate amendments.
Posted by Ravin Chatlani
