house prices to skyrocket in next 20 years, page-58

pug, it was a report commissioned by the govt....do you think they are all lying ???
scary figures about the shortages....

extract

In 2008, the housing shortfall was about 85,000 dwellings.

In three years' time the number was expected to reach 203,000 and hit 431,000 by 2028.

The forecasts were based on recent housing development and government funding trends.

But if these trends slowed, the predicted shortfall could top 800,000, the report warned.

The shortfalls could also be higher than the report predicts because it fails to take in the impact of the global financial crisis.

Queensland, NSW and Victoria were set to face the highest increase in demand, the report showed.

And people from lower socioeconomic backgrounds were going to be hardest hit as rents and housing prices lifted.