Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Strong migration hurts affordability

Staff Reporter 1 minute read

The outlook for housing affordability remains bleak as the national population grows at a record pace and construction activity lags.

Australia’s population grew by a record 102,000 in the first quarter of 2008, higher than any previous reading, ABS data showed yesterday.

Australia’s population has now increased by 1.6 per cent since March 2007.

HIA chief executive of policy Chris Lamont said the numbers were driven by record immigration levels which had doubled in just four years.

He said the figures highlighted the clear need for improved housing supply.

Advertisement
Advertisement

“The lack of affordable dwellings in Australia continues to reduce housing affordability. A massive boost in the supply of affordable housing for both the public and private sector is now desperately needed,” Mr Lamont said.

Published: 25-09-08

Related Articles

A million homes needed by 2013 01-07-08

 


Strong migration hurts affordability
default
TheAdviser logo
default

TODAY'S POLL

View results >

Who do you aggregate through?

Thank you for your vote, you can see the results here.

more from the adviser
court gavel ta Court rules against bank for ‘unfair’ loan terms

The Federal Court has declared a number of loan contracts entered...

APRA RBA ta RBA, APRA sing different tune on serviceability buffers

APRA chair Wayne Byres has dismissed the need for a cut to the bu...

loanapplication Remodelled FHB scheme cops backlash

From 1 July, all applications for the FHLDS will require a Notice...

FROM THE WEB