“NSW currently has a crisis in housing supply and affordability, according to Urban Taskforce CEO Tom Forrest. In this article, Forrest describes the consequences of the housing supply crisis for real people and explores the attitudinal barriers and practical options for how the crisis can be addressed.”
Consequences
The consequences of the housing supply crisis are published in media releases, newspaper and electronic media articles and news broadcasts every single day.
Barely a day passes without a fresh set of data highlighting a new (or repeated) aspect of the crisis. ABS data on housing approvals or housing completions. Core-Logic analysis of construction expenditure and rising costs. Domain Quarterly rent reports showing crisis levels of rental vacancies and spiralling rental prices.
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