Our Carrie Bradshaw index shows Australia’s housing is in crisis

Our Carrie Bradshaw index shows Australia’s housing is in crisis

In most big cities, the average worker struggles to afford their own place

What Will Happen to Australia’s Housing Market After the Election - Overpasses For America

Marcus Neil bought his first home, on the outskirts of Brisbane, Australia, in his late teens with little money and financial know-how but a strong sense that he was working toward future stability. Decades later, he owns four investment properties, which he hopes will be his safety net when he retires. “I just see it as a really, really safe bet,” said Mr. Neil, 53. He has been on the money. Australia is now one of the most expensive places in …

Overbidding slowing down, but housing market still a crisis: Huispedia

In the first quarter of this year, home buyers bid an average of 4.8 percent above the asking price, housing platform Huispedia reported. That is about the same as the previous two quarters, but the slowdown in overbidding is no reason to celebrate. The housing market is still in crisis due to the shortage of homes. “It is an illusion to think that we can breathe easy for a moment,” Huispedia CEO Maxim Bours said.