Research by ANZ revealed the nation is in shortfall by about 250,000 homes and will remain above 200,000 beyond 2018. This is good news to support the long term level of house prices.
Following the laws of supply and demand, areas that are experiencing high levels of building completions and sharp population outflows are more likely to face price falls.
Housing Shortage
| NSW | -100,000 |
| WA | -44,000 |
| VIC | -42,000 |
| QLD | -25,000 |
| SA | -13,000 |
Source: ANZ
On the Sunshine Coast 2,813 lots were created in 2015, $648 million in approved new dwellings and $1.28 billion in building approval issued. (not including Noosa data).Recent Sunshine Coast Council elections resulted in the Mayor and all nine returning Councillors, re-elected. Local residents see the runs on the board and are giving Council the green light to keep going, with positive signs of growth at all levels of the economy and developing employment opportunities.
Download 2015 Sunshine Coast Development Indicators Report.
Download Property Clock April 2016