Australian Housing Crisis

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Pre-written Papers:

Title: Australian Housing Crisis

Essay Details:

Subject: Social Issues

Author: Cheryl H

Date: September 1, 2016

Level: University

Grade: A

Length: 5 / 1278

Essay text:

In an addition to unemployment, the meagre workforce of homebuilders and architects greatly reduces the supply of new home need by the population ? Population Boom A higher standard of living along with the influx of new migrants adds a great number of people who need homes. ? Inescapable Interest Rate Rises In the recent years, the Reserve bank of Australia has had to raise interest rate 12 consecutive times. The interest rate now stands at a crippling 9%. ? Escalation In Housing Demand As a result of the population boom, the demand for new homes has significantly increased. This rise in demand has ultimately resulted in the increase of prices...

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