Amee Triscari has spent months couch surfing with her young daughter – and sometimes house-sitting for friends who go on holidays – because they cannot find a home in Perth, Western Australia.
Analysts expect residential construction to fall next year, which is a worry because a housing supply squeeze can lead to higher rents and ultimately inflation.
Higher interest rates and bond yields – a key determinant of value for commercial property – as well as weak demand will weigh the heaviest on lower grade office space.