The Housing Affordability Crisis – Now Everyone is Talking About it

Sourceable – 

 A casual review of submissions to the Commonwealth Parliamentary Inquiry into Housing Affordability and Housing Supply reveals a consistent theme in submissions from the property and construction sector and from independent economic analysts. Housing supply takes years to build up.

This is exacerbated by slowness of planning authorities to adjust their plans when the demand for new housing changes. The planning system has constrained supply of housing and this is a long term driver of rising prices.

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