Advertisement
Powered by MOMENTUM MEDIA
lawyers weekly logo
Growth

A million homes needed by 2013

3 minute read
The Adviser

Australia will need another one million homes built over the next five years to accommodate its growing population.

According to HIA research released today, demand for housing will be driven by strong immigration numbers and a decline in the number of persons per dwelling.

NSW expected to feel the most pressure.

HIA’s NSW state executive director Mr Graham Wolfe said that without a significant increase in construction, NSW families would be forced to move interstate to find housing.

“Without a substantial increase in production, rental costs will continue to spiral, leading to an increasing number of families leaving the state to find affordable accommodation and an inevitable increase in the states public housing waiting lists,” said Mr Wolfe.

Published: 01-07-08

default

JOIN THE DISCUSSION

You need to be a member to post comments. Become a member for free today!
You have 0 free articles left this month.
Register for a free account to access unlimited free content, or become a PREMIUM MEMBER to enjoy a wide range of benefits