Housing shortage looms large
Master Builders Australia forecasts housing starts to drop to under 175,000 in the next financial year.
After accounting for demolitions this will represent a woefully inadequate addition to the dwelling stock of about 1¼ per cent per annum.
Housing starts aren't expected to rebound to 200,000 until the 2027 financial year, according to the MBA forecasts.
With interest rates expected to be increased today and population growth running at an all-time high of around 500,000 per annum, Australia is going to struggle with a shortage of housing.
