The National Housing Supply Council’s report ‘Housing Supply and Affordability – Key Indicators, 2012’ proves what the residential development industry has long been saying – that we are not building enough homes to meet demand.
Caryn Kakas, Executive Director, Residential Development Council, said the report found there is a national shortfall of 200,000 homes. This is an increase of 17,000 homes from the figures in the 2011 State of Supply Report which was released last December.
“The biggest gaps in supply are in NSW, Queensland and the Northern Territory. The situation only expected to continue to worsen as the Council predicts a national shortfall in housing of 370,000 in 2016 and 663,000 by 2031.”
“The widening gap between housing supply and demand demonstrates that the root issues impacting delivery of supply remain unaddressed.”
“Crucial to successfully tackling Australia’s housing supply problems is a holistic, integrated approach from all levels of Government to support the delivery of new homes. The Federal Government’s involvement must be matched by leadership from the States and Territories to support a more affordable future.”
“Releasing more land for homes, as happened recently in Melbourne and Sydney is a start. However, it is only part of the solution. We must also focus on improving the density of our cities.
“Vital to delivering affordable housing choice is the provision of key infrastructure to our cities and suburbs.”
“Affordable housing is one of the major casualties of the under supply of homes. The report found that there is a shortage of 539,000 rental properties that are both affordable and available for lower income renters.”
“It is imperative that all spheres of Government take steps to stem this loss of homes and remove the many obstacles that are in place that impede the delivery of much needed new housing,” said Ms Kakas.