Why is it so expensive to buy a house in australia?
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Asked By: Skylar Mertz
Date created: Sat, Aug 7, 2021 8:32 AM
Date updated: Wed, Aug 10, 2022 1:38 AM
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Top best answers to the question «Why is it so expensive to buy a house in australia»
So what is ultimately at the root of this insane market behaviour? Real estate is so expensive in Australia for the same reasons real estate has become very expensive in other areas of the world: the fractional reserve banking system, and more specifically over the past three years, the availability of cheap credit.