Today’s release of the UDIA National Housing Pipeline® (NHP) Report identifies the impediments that must be overcome to deliver 400,000 homes that will be needed to meet the government’s ambitious National Housing Accord target of 1.2m dwellings over the next 5 years.
Greater Sydney is at the centre of the national housing crisis with an approximate 150,000 dwellings shortfall. The report sounds an alarm for future housing affordability with each of the major capital cities set to record significant undersupply to their housing markets, which unless acted upon, potentially locks out thousands of Australians from entering the housing market.
The UDIA National Housing Pipeline® reveals development constraints that are limiting the pipeline for new house and land releases. The major impediments include missing enabling infrastructure, a backlog in planning, environmental or heritage approvals, zoning, and a myriad other factors including gaps in both data and knowledge by key decision makers.
Col Dutton, UDIA National President, said:
“The NHP report shows the true capacity of land availability and readiness for residential development across Australia’s major housing markets and importantly, where new homes can and cannot be located over a 10-year horizon.
“NHP will be a game changer for governments, agencies and industry, as the unique supply evidence shows where and when investment is needed in enabling infrastructure such as the water, power, sewer and roads in order to get dwellings built for our growing communities.”
The UDIA NHP research is available on what’s quickly becoming the industry’s most comprehensive and sophisticated forecasting intelligence platform. The data set draws from exclusive UDIA Member developer intelligence and is made possible through exhaustive development constraints mapping.
Decision makers now have an opportunity to cut through high-level estimates of theoretical housing capacity from State and Local Governments.
Source: Urban Development Institute of Australia (UDIA)
The Executive Summary can be found at this link
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Media Enquiries: Deanna Lane, UDIA National Director Media & Communications
0416 295 898 media@udia.com.au