this post was submitted on 31 Jul 2023
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'We need to sell': Why Australians are ditching homes they bought just a couple of years ago (www.abc.net.au)
submitted 1 year ago by Mountaineer@lemmy.world to c/australia@aussie.zone
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[–] rumckle@aussie.zone 1 points 1 year ago

I agree that we definitely need more supply, but there are a few things that could happen as prices increase, eg people downsizing from large places to smaller places, and people sharing accommodation.

Also, hopefully some people will sell their Air BnBs, increasing the property on the market, they'll probably become Air BnBs again, but maybe it will help with prices.

Again, more supply is needed, and rich investors will probably have a field day, but even if prices don't drop, they should at least stop sky-rocketing.