The following 2 quotes from BIS Shrapnel send a great message to the investment community in my opinion.
For quite some time now I have spoken about the growing population and what that will do to the property markets, if you add in dwelling completions declining to a rate of only 60% of what is needed to supply our countries growth then that can only spell one thing in my mind. Capital Growth.
“BIS Shrapnel said high net migration levels over the next three years would also boost the housing market.”
“We estimate dwelling completions to fall to between 17,300 and 18,600 units per annum over the next two years,” she said. “This in no way meets our estimated underlying demand for housing, which will average 29,000 units per annum over the same period”
