Same as every other place I assume. Rich fucks buying up property as investments.
This shit is happening everywhere. Even in India housing prices are astronomical. Some places in Mumbai are as expensive as New York while the median income is nowhere near that.
Taleya@aussie.zone 1 day ago
Covid made a lot of people realise they couldn’t stand their housemates, airbnb slices, dwelling availability (empty places that no one wants to buy or want to landbank) , population shifts eg: one house of two people divorce, now need two houses etc… lots of reasons.
null_dot@lemmy.dbzer0.com 1 day ago
This is the correct answer. Fewer average occupants per house, for a variety of reasons.