Australia’s national shortage of dwellings has become more critical due to record population growth, according to Hotspotting.
In 2023, the country’s population increased by 651,000, the highest in history, with 84% of that growth attributed to overseas migration.
“The record level of population growth last year did not cause the shortage of dwellings, including the under-supply of rental homes,” said Terry Ryder director at Hotspotting.
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