Build Australia
As Western Australia grapples with a critical housing supply shortage that is threatening longer term affordability, the Urban Development Institute of Australia (UDIA WA) has launched a new report that sets out four clear recommendations to enable the State Government and industry to work together and act now to avoid a crisis.
UDIA WA chief executive Tanya Steinbeck said: “Housing supply and affordability are one of the key issues that impact on every West Australian.
“Perth is one of the most affordable cities in the country with a very enviable lifestyle, but if we don’t act now, that position will be lost.
“We can see it slipping through our fingers every time we see the news outlining real estate price rises, record low rental vacancy rates and construction timeframe blow outs.
“Our new report lays out the current situation, clearly showing that we only have six years of supply left in current major greenfield projects.”
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