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Empty houses... causing price rise ?

A unit block in Sydney
A unit block in Sydney 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.Kulasegaram Sanchayan reports in Tamil with a feature prepared by Ricardo Goncalves.


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By Kulasegaram Sanchayan

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.Kulasegaram Sanchayan reports in Tamil with a feature prepared by Ricardo Goncalves.



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