Population growth rate in Victoria has been 1.9% YOY average for 20 years, with no sign of slowing down. Even if they hit their targets, demand will exceed supply.
The Victorian government has also failed significantly on public housing. The wait time is about 20 months (10 months is VicGov's target, it was 14 months 3 years ago) and they're currently looking to demolish many existing options without many short term optionsnfor residents.
It seems very unlikely to me that Victoria's house prices will drop in any sigificant way this decade.
The Victorian government has also failed significantly on public housing. The wait time is about 20 months (10 months is VicGov's target, it was 14 months 3 years ago) and they're currently looking to demolish many existing options without many short term optionsnfor residents.
It seems very unlikely to me that Victoria's house prices will drop in any sigificant way this decade.