Australia faces a housing shortage of 106,000 homes by 2027, with construction delivering 138,000 houses yearly against demand for 180,000. Immigration hit 400,000 in 2023, worsening the gap. Is real estate still worth buying into?
If you haven't been watching some of the media and just let me tell you some of what is going on right now. We are sitting in this massive undersupply of real estate at this point in time. And what this actually suggests to come to is by 2027, they're suggesting we're going to be 106,000 properties undersupply compared to what we currently need right now. According to the National Housing Finance and Investment Corporation of Australia, every single year currently we're building about 138,000 new houses are being built. But we need 180,000 a year just to keep up with the current level of demand. And we have this absolutely massive level of immigration going on. So to the point that, you know, 400,000 people are due to move to Australia in 2023 alone. Now that is absolutely massive. Now there's a really simple question. Is it still a good time to be investing in real estate based on all the changes that the government is making right now?
