Government Action Required on Housing Affordability

March 24th,2014

A new report by the National Housing Supply Council clearly identifies the need for a concerted approach by Governments to address housing affordability, particularly for first home buyers, according to the Real Estate Institute of Australia (REIA).

“The Housing Supply and Affordability Issues 2012–13 report shows that it now seems certain the aggregate rate of home ownership in Australia will drop from around the rate of 70 per cent that it has been for the last three decades,” says REIA President, Peter Bushby.