March 28, 2010

HOUSING HASN'T EVEN STARTED TO BUBBLE YET:

Australian Population Exceeded 22 Million Last Year (Daniel Petrie, March 25, 2010, Bloomberg)

Australia’s population exceeded 22 million for the first time last year, the Australian Bureau of Statistics said today on its Web site.

The nation’s population added 451,900 people in the year to Sept. 30, reaching 22,066,000, the bureau said.


Housing shortfall likely to worsen (George Megalogenis, 3/28/10, The Australian )
OFFICIAL forecasts for the nation's housing shortage have worsened, with more than 100,000 prospective home buyers already locked out of the market by June 30 last year.

The ongoing gap between demand and supply will be greater than previously feared, as all levels of government and the building industry struggle to keep up with Australia's world-beating population growth.

By 2029, the combined shortfall could reach 500,000 homes and apartments.


If Democrats had passed immigration amnesty last year they'd have retained Congress this Fall.

Posted by Orrin Judd at March 28, 2010 9:00 AM
blog comments powered by Disqus
« JUST ANOTHER UPSIDE OF DOWNTURN: | Main | MR. KARZAI ALREADY KNOWS HE CAN ROLL THE UR: »