Economic conditions are far from rosy and email list economic growth is favouring the regional and rural markets, where mining activity is strong and the drought is well and truly over email list. Because of this summer's disastrous floods and cyclonic activity most government programs will be focused on reconstruction and rehabilitation email list, rather than on new housing initiatives.
The Federal Government is now effectively email list hamstrung by its need to placate several opposing minority factions just to stay in power, while the raft of outgoing State Labor Governments has been characterised by a lack of any policy initiatives email list that will shake up the housing email list market in any way and their successors seem content just to regain power. New households are changing the housing market In 2010 there were around email list 150,000 new households created in Australia.
Approximately 65,000 of these were Gen email list Y (groups, singles and couples aged from 15 to 24) leaving home and their number is increasing. This is a direct result of the increasing number of overseas arrivals to our shores over the last twenty years. Most of these new residents started families after their arrival and as a result most email list Australian residents now have at least one parent who was born overseas. With no real government incentives, budding first home owners have insufficient motivation to enter the buyer market in the current economic scenario.