Apropos CEOHomes’ July ‘24 article “The paradoxical relationship between a country’s economic health and its metros’ real estate prices” , Australia’s housing crisis is coinciding with 6 consecutive quarters of its shrinking GDP per capita growth.
Further underpinning CEOHomes’ analyses on a country’s economic health being inversely proportional to its metros’ real estate prices, wealth creation in India is increasingly becoming geographically diverse.
So, while India is carpeting infrastructure across its hinterland at unprecedented speeds, Australia (a continent almost as massive as America and once known to be top of the class for home affordability index) hasn’t grown beyond its 5 cities viz. Sydney, Melbourne, Perth and Adelaide. In fact, Sydney and Adelaide surprisingly account for ~ 40% of Australia’s population.
Summing up, it would be safe to infer that deurbanization, regulation and policy shifts keeping real estate prices in check holds the key to progress.
About the author:
Not known to take the path of least resistance, Rittesh is an entrepreneur and CEO of www.CEOhomes.in – A prop tech company that helps new age home seekers in their search , setup and management of tech-enabled homes with productivity spaces.
He is rated among the top 10 most promising telecom consultants in India as per Consultants Review magazine. He started his Telecom career at a grass-root level with RCom -NIS in 2002 and earned his way to the elite Tata Communications – TIEBU (an erstwhile handpicked special focus group that represented all the Tata companies in the telecom arena to serve marquee corporates).
He writes for the sheer love of Telecom. His *contrarian, deep-dive analyses over the past five years have been spot-on and stand testimony to his cognitive understanding and vision of the telecom industry – a feat he owes to his bottom-up journey and dyslexic abilities.
He can be reached at rittesh@teleprudence.com or linkedIn.com/ritteshseth