Listening to Financial Review podcast this morning titled, 'The relentless rise of Australian house prices' and one interesting piece of data quoted was that 60% of Australians are intending to buy a house in the next 5 years, which was interpreted as there being a lot of pent up demand from buyers, especially first home buyers waiting for first rate cut announcement.
Across sources I've read and listened to, there seems to be broad agreement the 'housing crisis' will be with us for at least the next decade. Housing crisis being defined as:
- demand greater than supply
- increasing house prices
- lack of trades to complete housing projects
- interest rates only moderating from late 2024 or first half 2025 depending on who you ask
- first home buyers requiring incomes greater than the average income in Australia
- buyers needing assistance in some form from the bank of mum and dad / government schemes / other products like LMI to support entry into housing.
Listening to Financial Review podcast this morning titled, 'The...
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Last
$4.08 |
Change
0.200(5.15%) |
Mkt cap ! $1.188B | |||
| Open | High | Low | Value | Volume |
| $3.89 | $4.09 | $3.86 | $9.642M | 2.390M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6933 | $4.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.09 | 84566 | 5 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| HLI (ASX) Chart |