Stark reality of housing shortfall growing more evident
The cost of building new homes is again outpacing inflation and, despite a lift in residential building, a lack of unit development is keeping many Australians out of a home.
No state or territory is meeting its residential building targets. (Image source: Property Council of Australia/ABS)
“We are warning of the stark realities facing the country; unprecedented levels of homelessness, impossible access to rental accommodation and a growing view that home ownership is a thing of the past.”
Jocelyn Martin, Managing Director, Housing Industry Association (HIA)
“If we are going to solve the housing crisis, we need to build more apartments and make them more attractive for people to invest in - only then will we see a lowering of renta…
