The Ponzi scheme of Australian housing may be being uncovered, and Perthians are the biggest victims

Mondo Finance Updated on 2024-03-01

01 newsThe sudden increase in population overwhelms Perth's homes?!

With the outbreak of the epidemic, Perth's population is also increasing, and Perth has become one of the hottest places in Australia's property market.

The CoreLogic Daily Housing** indicator shows that Perth housing** has seen the biggest uptick since bottoming out in late January next year:

Perth housing** is up 18 from the end of January next year7%, well above the 110%。

Houses** in Perth are still rising rapidly, up 1. in the last 28 days6%, meanwhile, the overall growth rate of the five major cities was 05%。

According to a report released by PropTrack in January, Perth Housing** was rated at 15 a yearThe 4% increase is more than 50% at the beginning of the flu outbreak in March 2020.

On Monday, ANZ's estimate of its homes** showed that Perth's homes** will rise by 10% to 11% this year, which is undoubtedly the largest increase in the country

NAB also expects Perth's housing** to be the highest in Australia by 2024

Another graph shows that while there have been some recent housing improvements, Perth's housing is still the lowest it has ever been compared to the rest of the country:

Perth's net increase in the number of immigrants, combined with the massive influx of people from other states, has pushed up local homes**.

Based on the above alone, Perth's housing base will be significantly higher than anywhere else in the country.

If you are still wondering why housing in Australia has changed so much, the following reasons may give you a deep impression.

Take Perth, for example, as India's health minister has recruited more than 5,000 medical workers from India to fill the statewide medical gap, and the state is also campaigning to the federal government to bring in more immigrants.

This has left Perth's rental market in a crisis of 04% of houses are idle:

So there was an advertisement: a car room with a mat, rented out for $300 a week.

With all of the above, let's go back to the chart below that summarizes the Ponzi conspiracy in the Australian housing market:

Thanks to the large number of immigrants from abroad, the population of the Australian state is now at an all-time high, and the number is comparable to that of scientific experiments:

As a result, as the population increases, there is a large gap between the supply and demand of housing.

As a result, Perth's housing** has climbed all the way to the top of the nation.

Similarly, Perth's rent levels are among the highest in the country:

The relocation from California and the Commonwealth has left Perth with a shortage of homes**, which is very difficult for those who want to buy a home and for those who want to buy a home.

02 newsA dormitory building in Perth's **business district has caused a lot of people's **.

As Perth continues to grow, the current homes are no longer enough for everyone, so the state authorities will be building new ones.

The precinct will initially be located in Perth's CBD, but has sparked a huge debate as there are only two parking spaces between a 33-storey school building and an adjacent school.

According to the plan, the school will be located at 609 Wellington Street at a cost of $80 million, just 10 metres from the three-year-old NV apartment.

This is also one of the signs of the increasing population density of the CBD. The owners of the NV apartments have complained to the planning bureau that once they are built, they will be able to see each other's homes.

The owners of NV apartments said that the construction of the project obstructed their view and prevented them from enjoying more natural light.

The new house, proposed by Unilodge, a student accommodation provider, would have to have a floor area of more than 20% above the general limit in order to be fit for the specific purpose of the new house.

The spacing of 10 meters from the adjacent units to the adjacent units is smaller than the spacing between most of the units, and most of the units have a 74 meters to 10 meters of road, front garden, fence, 1. on both sides of the street5 meters to 63 meters of borders.

In a document handed to him, an owner of an apartment in NV said: "We only have one or two windows (only one that leads to the terrace) and the rest of the windows are facing the same direction. ”

Those windows will face a few meters away, overlooking the crowd below. ”

Of the 13 objections, there were complaints that the building would devalue some of the nearby residences.

The high-rise sold when it hit the market in 2020, with interested buyers waiting in line, with a three-bedroom home sold for $1.4 million.

However, the proposal for the building was provided by Andy Freeman, CEO of Sneakers & Jeans, who is located at several hotels in the area. He said the move would liven up Perth's more boring side.

Studyperth says it will provide much-needed accommodation for the city's colleges and universities once they reopen.

The building will have 556 guest rooms, 835 beds, more than 2,000 square meters of public facilities, a ground café, a student gymnasium, and a cinema.

03 newsThe number of inquiries at Grandma's House has increased by 500%!

In order to reduce the burden on housing, California has relaxed the rules for the construction of granny houses, so the number of inquiries has increased by 500%.

Planning Secretary John Kelly announced last month that starting in April, grandma's homes would be built on plots of land under 350 square metres without the need for congressional planning permission, and could be built on houses with different levels of ownership.

In order to ensure safety, it is also necessary to obtain a building permit from Congress.

WA Granny Place executive director Mike Nichols said the number of appointments had tripled to normal, so the number of enquiries had "increased five-fold".

He said that some people were interested, but they were encouraged by the fact that they were concerned that the approval process would take a long time, and that they now think that the reform will be more rapid.

His company plans to increase annual production from 80 to 250 vehicles in the next 12 months, and will also hire more workers.

"There are also many requirements for the construction of small houses of up to 350 square meters," he added. ”

Kelly Johnson, marketing manager at Prestige Novelations and Granny Flats, agrees that the market has seen a "rise" in the market recently, saying that the number of enquiries it has received has increased by 50%, although not much.

"We get more than 30 or 40 calls a week, and that number continues to rise," Johnson said. ”

Especially for residents living close to the surrounding areas of Perth, their procedures are more rigorous, which is much more convenient. ”

The craze comes at a time when Perth is experiencing an unprecedented shortage of homes.

A recent rental report released by the REA Group showed that rental supply fell by 53% in January9%, which is lower than the average in a decade and higher than any one state and any one place.

Perth is also in second place with 07%, only 06% is slightly higher.

Nicholls said grandma's house is the key to alleviating the housing shortage, because they don't have to be bogged down by builders' chains like new homes and apartments.

He said: "Most grandmothers' houses don't use bricks or tiles, and it won't take so long, and it won't involve so many **.

Within 10 days, we were able to build an 80-square-meter house, from start to lock. ”

Perth's population is increasing, but the house is very tight, I hope the relevant departments can arrange it properly!

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