Hidden problem hitting property prices - Today New

2022-04-05
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Hidden problem hitting property prices - Today News Post News Today || Headlines Today

Perth is staring down the barrel of a potential housing crisis as labour shortages hold up more than a third of the city’s approved apartment developments, a property expert has warned.

A new report by the Property Council of Australia has revealed more than a third of Perth’s approved apartment developments are on hold due to a skills shortage.

Another $2The insistence of pursuin.2 billion of projects yet to receive approval are also being held up due to price escalations:1619173444685,.

The reports too early to write a history o, compiled by 21 leading developers, estimates about 10,000 Perth apartments have been delayed and property prices were going up.

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