WA's critical housing supply shortage prompts quest for solutions
The peak body for property development in Western Australia says dire housing supply shortages and a lack of projects in the pipeline in the state necessitates urgent action.
Perth's suburban extremes have expanded rapidly but a critical shortage of new housing in the pipeline is threatening affordability. (Image source: Shutterstock.com)
Western Australia’s housing supply issues have reached a critical point.
For years now Perth has experienced record low rental vacancy rates and the stock of housing on the market has remained at extremely low levels.
According to recent Real Estate Institute of WA figures, median weekly rent in Perth has increased steadily to $545 per week and the median sale price for a house is now $542,000.
East coast counterparts might see those figures a…
