Current under-building to leave decade long housing shortage

The data provider’s Australian Construction Outlook 2008 – Residential Building report forecast that while a three year upturn in residential building will occur from 2009/10, the construction of dwellings will fail to keep pace with demand.

Nigel Hatcher, Macromonitor’s director, said ongoing affordability problems and supply constraints would be the underlying barriers to satisfying housing demand.

Macromonitor forecast an increase in dwelling commencements of just 2.1 per cent in 2008/09, with an acceleration of 10 per cent in 2009/10.

Published: 05-06-08

Current under-building to leave decade long housing shortage

Staff Reporter

Last Updated: 05 June 2008 Published: 05 June 2008

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Written by Staff Reporter

Last Updated: 05 June 2008

Published: 05 June 2008