The growing shortage of affordable/social housing, and spiralling housing affordability, are the consequence of the same problem – lack of housing land supply across the spectrum, impacting social, affordable, at-market, crisis and investor rental housing.
The shortfall in new housing supply stems from multiple, compounding factors: shortages of development-ready land, materials, and skilled labour, planning delays, development charges/taxes and increasing complexity – driving up the cost and the price of new dwellings.
Governments need to harness more diverse market housing supply options like Build to Rent (BTR) to overcome the at-market and affordable housing shortfall. The Federal Government’s National Housing Accord recognises the need for the National Housing Supply and Affordability Council to review the barriers holding back BTR.
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