Pressure on rental housing has significantly increased over the last 2 years, with a range of recent rental housing data showing the increase in rental prices due to the severe shortage in the supply of all forms of housing.
With the official launch of the federal election campaign HIA will be working hard to ensure that all sides of politics have a clear plan on how to help all Australians have safe and secure housing.
“The recommendations set out in today’s (March 18 2022) release of the federal inquiry into housing affordability and supply put a number of important recommendations on the table to improve housing supply,” said HIA Managing Director, Graham Wolfe.
“Sales of new detached homes recorded an exceptionally strong quarter, led by Australia’s largest state,” stated HIA Economist Tom Devitt.
“Owner occupiers bounced back at the end of 2021 to produce the biggest year of home loans on record,” stated HIA Economist, Tom Devitt.
“A significant increase in the price of land indicates that supply is not keeping pace with demand,” said HIA Economist, Angela Lillicrap.
“The value of loans, excluding refinancing, issued for housing towards the end of 2021 was elevated as demand remains very strong,” stated HIA Senior Economist, Nick Ward.
“Sales of new detached homes appears to have stabilised following the end of HomeBuilder at elevated levels,” stated HIA Economist Angela Lillicrap.
“The strength in New Home Sales in recent months indicates that the boom in detached home building will continue to create strong employment opportunities into the second half of 2022,” stated HIA Economist Tom Devitt.
The Housing Industry Association (HIA) is pleased to see clear confirmation in research released by the National Housing and Finance Investment Corporation (NHFIC) that the price of new homes is directly increased by the various developer charges being applied by local and state governments.