Property listings Advertisement
Property prices have risen faster than rents over the past 16 years, especially in locations where not enough new homes have been supplied to the market.
This shows there are more reasons for soaring house prices than just a lack of supply, researchers at think tank e61 Institute have concluded. If the supply-demand imbalance were the only reason, it would be pushing up rents in a similar way to house prices, they found.
Property prices have risen faster than rents. Credit: Flavio Brancaleone
The research note, Should housing home people or money? , comes amid a focus on addressing years of under-building pushing up house prices. The federal government has a target to deliver 1.2 million new homes in the five years to 2029 by streamlining build