Australia's Unaffordable Housing Problem Case Study

There are various factors that have contributed to Australia’s unaffordability housing problem. The first reason is the imbalance between supply and demand sides. The supply side cannot respond to the rapid growing of the demand side. Secondly, Australia’s population are growing greatly recently, especially in large cities such as Melbourne and Sydney. According to Percy, “Australia's population is growing at one of the fastest rates in the developed world” (Percy, K 2015). Another factor is a great number of investors are investing into properties which have been pushing up the prices and pressure on the demand side of the housing market in Australia.