Why the sky high housing market prices in Australia?

Is it from the cost of materials? Are they importing everything? Are there plenty of contractors building? I am a registered nurse. My husband is a residential building contractor and we want to migrate to Australia Will he find work? Does he need to test to get licensed? Is it easier to become a residential construction superintendent or subcontractor rather than building right away. Is there more building opportunities in the big cities or the suburb/rural areas.

Asked By: DLS - 4/3/2008
Best Answer - Chosen by Asker
The sky high housing prices in Australia are not because of the cost of materials. It's all because of the insanely unfair tax concessions which have attracted too many investors into the residential property market since the late nineties. And the government hasn't had the balls to do anything about the tax system to... More
Answered By: miss schlonky - 4/4/2008
Additional Answers (6)
Supply and demand controls house prices... More
Answered By: iansand9876 - 4/3/2008
Supply of Residential Lots to build upon is in short supply due to red tape. Lack of skilled workers in construction whilst demand to build houses was high a few years ago. Demand for housing to rent is greater than the available pool of vacant houses due to immigration of skilled workers... More
Answered By: petedavo - 4/3/2008
Australia's economy is booming and there is a serious shortage of skilled workers, particularly in nursing and building contractors, so you are in luck! However due to the high demand for housing and shortages of builders house prices are high. You will make up for it though with a good income... More
Answered By: fruitsalad - 4/3/2008
I dont know....but I hope the government fixes this in at least 5 yrs.When I might be looking to buy my own home.
Answered By: Jess - 4/3/2008
In another 8 to 12 months most economies will be feeling a serious pinch. That means that you can expect any high housing costs to get significantly higher before the fall. edit - Ok then , there will be no problems and a magic wand will make it all go that what people want to hear?
Answered By: Alvin Stardust - 4/3/2008
We are screaming for qualified people in the building industry and nursing... More
Answered By: parnie - 4/4/2008
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