A new paper from the Centre for Social Research & Methods at ANU may challenge some common perceptions: Regional Housing Supply and Demand in Australia
This is really worth reading and so far I have only skimmed it. The appendix table listing the bottom 10 shortage regions is interesting though. Note that these are negative shortages for the bottom 10 so represent surplus based on the methodology.
SA3 level splits Cairns in two and Cairns – South also represents the city and inner suburbs and comprises about two thirds the population of the cairns urban area. Cairns – South looks a bit odd there given all the hype we have had on rental vacancy rates and the property market.
Will have to come back for a closer look at this.