Do We Have Housing Shortages in Sydney?

Sydney has been leading the charge in property values and auction clearance rates for the past month. Median prices in Sydney have increased by 13.4% since the start of the year.

Despite having the most expensive properties in the market, property availability is frustrating investors as properties sold are almost immediately snatched up in the market.

Property listings in Sydney have decreased by 28% from the previous year, yet sales have jumped by 30% causing fears of home shortages.

To offset concerns over home shortages, the construction of new homes has increased by 35%. This has been the highest recorded in a 10 year span.

Read more on the Your Investment Property website.