By Jon Bragg February 28 2022
Demand is expected to outstrip supply by tens of thousands of homes each year.
A new report from the government’s National Housing Finance and Investment Corporation (NHFIC) has forecasted that the demand for housing could outpace supply by an average of 20,400 homes each year beginning in 2025.
Australia’s economic recovery and a return of net overseas migration to pre-pandemic levels are expected to drive a supply shortfall of 163,400 dwellings in total between 2025 and 2032.