Tasmania has an estimated rental housing shortfall of 29,200 households across the state. Especially in disadvantaged rural areas, local councils have had to step in to help house residents locally.
- Property and Housing Management Researcher, Applied Sociology, public policy and impact evaluation., University of Tasmania
Concerns about foreign investors driving up housing prices have been growing. Australia was first to bar foreign purchases of existing residential property, but New Zealand is set to go further.
Retirees are often urged to downsize to free up suburban properties for the next generation and for higher-density development. What’s being ignored is the costs of moving into a unit or apartment.
Chinese real estate investors might be more interested in investing in their homeland rather than Australia, given the changing market and regulations.
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