March 11, 2022

In The Press – Housing supply drying up, threatening affordability for years to come

News & Insights
Written by Craig Francis for The Australian Property Investor.
A major supply crunch is heading towards the nation’s housing market at breakneck speed, threatening to wreak havoc on property affordability.

Various state and federal governments and oppositions have said housing affordability is a key issue but little that’s been done or is in the pipeline appears likely to address severe shortages in housing supply.

The National Housing Finance and Investment Corporation (NHFIC) this week released its second State of the Nation’s Housing report, showing that while housing supply may appear healthy in the short term, there is a major shortage on the horizon.

Property Council of Australia Chief Executive Ken Morrison said the report showed that as the economy and net overseas migration recovers, the demand for new households will outstrip supply…