Weekend Edition: Are we moving fast enough to tackle Australia’s housing crisis?
Friday 8th November 2024Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here.Australia faces a rising tide of homelessness as rents push higher, out of the reach of many lower income earners. According to Rebecca Pinkstone, chief executive of Homes NSW, in her state alone there are 57,000 people on the register, looking for a home. Rents in Sydney and surrounds are often considerably more than a state pension. Supply is a big part of the problem, with developers reluctant to commit to the growth required…
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