The Council released its 2nd State of Supply Report 2010 on 27 April 2010. The Council has found that underlying demand has continued to grow since the last report (by more than 200,000 households) and is projected to increase further by 2029 (by 3.2 million households to 11.8 million)
The National Housing Supply Council was established in 2008 by the Treasurer and Minister for Housing to monitor housing demand, supply and affordability in Australia and to highlight current and potential gaps between housing supply and demand from households.
The Council released its 2nd State of Supply Report 2010 on 27 April 2010. The Council has found that
- Underlying demand has continued to grow since the last report (by more than 200,000 households) and is projected to increase further by 2029 (by 3.2 million households to 11.8 million);
- Supply is not responding to this increase in demand (and that the impact of the global financial crisis on residential development in 2008-09 is likely to reduce dwelling completions in the next few years);
- State and territory data on future infill and greenfield supply may be higher than actual delivery of lots (contributing to a larger gap);
- The gap between demand and supply has continued to increase ) and will continue to increase without any changes to demand and/or supply;
Related information
