Housing Stress in Western Australia
Housing Stress in Western Australia Report
- Author(s): Western Australian Department of Treasury and Finance,
- Published: 2007
- Publisher: Western Australian Department of Treasury and Finance
Abstract: The Western Australia housing market has experienced significant price growth in recent years. While this can be seen as a boon for existing home-owners and investors, rapid price escalation has contributed to a fall in affordability for other home buyers, particularly first-home buyers. High population growth, driven by the resources boom, has increased demand for rental properties. The flow-on effects of higher house prices have led to low vacancy rates, which are starting to generate significant increases in rents in the private rental market.
- Urls: https://www.wa.gov.au/sites/default/files/2020-01/economic-research-papers-housing-stress-in-western-australia.pdf, https://www.wa.gov.au/government/document-collections/economic-research-papers
- Publisher Location: Perth
- Keywords: Affordability, Rent