Australias Population growth”, easy home renovating market

I am reading from Bernard Salt a KPMG Partner. He is saying that the massive population growth of 432,000 for the calendar year to end 2009. Now he sees a slowing in growth to the rate of 350,000 by August 2010. He says a policy decision has been made to slow population for the next two years. He foresees a five to seven year time of slower property growth rate. Then a home building/renovating boom as under building bites.
I suggest he is being a bit over dramatic. As several categories of immigration are not measured, stimulus for first home buyers remains in place and bonuses for new babies are maintained: a considerable amount of shortage of new home building is already in evidence.
I prefer the Westpac view as put, by Economist, Matthew Hassan. He says, sharp flows in population over the short periods do not impact housing demand levels. Rather, there is such a chronic level of home undersupply. This is the result of seven years of underbuilding and will take several years to correct the rebalancing of supply and demand.
In order to download your free ebook

1  Return to the top of the page, right hand side

2  Enter your name and email

3  Click,on Send me the free ebook

4  Return to your email and download your free ebook.

Be Sociable, Share!

•