| One thing Australia has is plenty of land, so it is worth asking why the nation has a worsening housing shortfall. Demand for housing has slackened since the global financial crisis in 2008 but supply has tightened at the same time, leading to a growing shortage of dwellings from 28,000 last year to 186,000.
Unless action is taken, the latest State of Supply Report from the National Housing Supply Council shows the gap is set to stretch to a shortage of 640,000 dwellings by 2030, a predicament that would damage prosperity and the quality of life of many Australians, especially low income earners. Without adequate housing, Australia will be unable to accommodate the migration needed to capitalise on the resources boom and grow the economy...............................................Full Article: Source
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