Housing demand and supply gap widens

The National Housing Supply Council’s 2nd State of Supply Report was recently launched in Melbourne by Minister for Housing Tanya Plibersek. The report shows the gap between housing demand and supply increased to 178,400 dwellings at June 2009, whilst future projections indicate an underlying demand of 3.2 million additional households in the twenty years to 2029. Other key findings in the report reveal:

  • A decline in housing affordability including the number of households experiencing ‘housing stress’ (paying more than 30 per cent of their gross income in mortgage repayments or rent).
  • An expected increase in dwelling types which are appropriate for an ageing population.
  • The challenges in meeting infill housing targets, including land costs, specific planning and approval issues, commercial risk and community opposition.
  • The need for better planning and development assessment systems aligned with infrastructure delivery.

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