Global Power | Local Knowledge | Uniquely Personal
中文

Affordability issues 'stem from chronic lack of supply'

The government has been urged to take action on the Australian housing market to boost supply and affordability.

The government has been urged to take action on the Australian housing market to boost supply and affordability.

Difficulties being seen in Australian housing affordability stem from a "chronic lack of supply across the board", the Residential Development Council (RDC) has said.

The government needs to act urgently to ramp up housing supply and deliver affordability, commented Caryn Kakas, RDC executive director.

"Government at all levels need to refocus on the future of our cities to prepare to accommodate a population that will grow from 22 million to 36 million by 2050," she said.

Growth in cities has not been addressed properly and long-term plans have failed, Ms Kakas added.

She called on the authorities to prepare for growth and enable strategic plans to deliver a range of housing choices.

Ms Kakas' comments came after the independent audit of capital cities by KPMG for the Built Environment Meets Parliament.

It highlighted the importance of the areas for the country's future growth.

Posted by David McElwain

DISCLAIMER: All information provided is of a general nature only and does not take into account your personal financial circumstances or objectives. Before making a decision on the basis of this material, you need to consider, with or without the assistance of a financial adviser, whether the material is appropriate in light of your individual needs and circumstances. This information does not constitute a recommendation to invest in or take out any of the products or services provided by SMATS Services (Australia) Pty Ltd or Australasian Taxation Services Pty Ltd.

COPYRIGHT: All information provided is protected by international copyright laws. You may not copy, reproduce, distribute, publish, display, perform, modify, create derivative works, transmit, or in any way exploit any such content, nor may you distribute any part of this content over any network. Copying or storing any content is expressly prohibited without prior written permission of SMATS Group or the copyright holder identified in the individual content's copyright notice. For permission to use the content on please contact info@smats.net.

Subscribe Now