Population growth and housing affordability in the modern city-Sydney a case study
- Pacific Rim Real Estate Society
- Publication Type:
- Conference Proceeding
- 14th Pacific Rim Real Estate Society Conference, 2008, pp. 1 - 16
- Issue Date:
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Urban populations are forecast to increase in coming decades. Population growth is a major underlying factor for the demand of housing and without a new supply of dwellings, it pushes up the prices for both renting and purchasing dwellings. The resultant fall in affordability is a problem that is further compounded in many large cities by the change in living preferences that has resulted in a fall in household occupancy rates, particularly in the western world.
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