At MB today, apparently
The data speaks for itself…. Absolutely the Australian property market is facing an acute demand problem.
There are some scary charts, too, with steeply declining lines:
Unfortunately the boys have again confused stocks with flows. You don’t even have to go far if you want to consider this – refer back to their own charts, suitably marked up:
The reality is easy to see with the naked eye, as auction clearances power, rents and capital values hover at all time highs and people paying $150 a week for a mattress on the floor in a shared room:
There is an acute demand problem alright. Acute excess demand. Otherwise known as critical under supply.
eta: not everyone is fooled, of course:
MEMBEROctober 9, 2020 at 5:50 am
If there is a demand problem it is about as visible as a Tassie Tiger in most postcodes across Australia.
A national vacancy rate of less than 3% with new constructions crunching is not a demand problem.
The problem remains too little supply for a rapidly growing population.
The National Vacancy rate shows how we never caught up.
When the National vacancy rate reaches 5% then we will have a HEALTHY housing market.
Too many people are confusing the Big Australia bleatings of the property sector desperate to open the international borders with reality.
|Jumping jack flash|
October 9, 2020 at 6:38 am
Too little supply for the rapidly growing debt.
Even though debt is certainly not growing fast enough and hasnt for 10 years, they have a plan.
Debt-fueled demand is a wonderful thing. You can never have enough to keep up with the demand when money is no object.
October 9, 2020 at 9:11 am
That is correct