The HIA chief economist has spoken out about the housing shortage in Australia, saying that an urgent housing reform is required to ensure that people have a place to live.
According to Mr Dale, reducing the supply side obstacles that stand in the way of boosting Australia’s new housing stock represents one of the primary challenges facing policymakers in 2010.
“Issues related to land supply, planning systems, infrastructure taxes and charges, credit restrictions, and skilled labour shortages are all artificially restraining the ability of a highly efficient new home building sector from meeting the housing requirements of Australia’s growing population,” Mr Dale said.
While government does understand that urgent action is required with respect to housing, things are not happening fast enough.
Given that we are currently approx. 110,000 dwellings short, unless urgent and extreme action is taken, the figure could escalate to just under 500,000 by the year 2020.
Webdeal Home Loans - webdeal.com.au All rights reserved