WE’VE been told for years that rising house prices are linked to an undersupply of homes in Australia but a new report calls for a rethink.
Researchers from the Australian National University analysed 15 years of Census data and building approvals and found Australia had an oversupply of 164,000 dwellings.
In particular inner city areas of Sydney, Melbourne and Brisbane had the most extra housing, although other areas were experiencing shortages.
Areas of inner city Brisbane have an oversupply of properties. Picture: Dave Hunt/AAP Source: AAP
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