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Is empy housing part of the problem in rising prices?

A unit block in Sydney (AAP)
A unit block in Sydney (AAP) Source: AAP

Property analysts suggest hundreds of thousands of houses and apartments may be unoccupied across Australia, a situation they say is exacerbating the housing crisis. It comes as dwelling prices nationwide rose by 1.4 per cent in February, with the median price standing at $570,000. That is up nearly 11 per cent over the past 12 months.


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By Yin Wu

Source: SBS



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Property analysts suggest hundreds of thousands of houses and apartments may be unoccupied across Australia, a situation they say is exacerbating the housing crisis. It comes as dwelling prices nationwide rose by 1.4 per cent in February, with the median price standing at $570,000. That is up nearly 11 per cent over the past 12 months.



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