Gillard and Abbott ignore housing shortage

The National Housing Supply Council estimates that there is close to 180,000 too few homes across Australia with this projected to rise to around 308,000 by 2014. Residential property market analyst and commentator Tim Lawless, of RP Data, said he was concerned about the major parties’ ignorance of housing policies in the lead up to Saturday’s federal election.

“As a residential analyst on Australia’s housing market, for me, it is very surprising to see how housing policy initiatives have played what seems to be an insignificant role in the current election campaign,” he said. “Despite housing costs and supply being one of Australia’s most topical and pressing issues it seems as if both major parties have mutually agreed to place the issue in the ‘too hard’ basket.”

Source: The Advisor