Economist Warren Hogan warned falling housing approvals and record migration would push Sydney and Melbourne rents into crisis and raise homelessness. UDIA’s State of the Land report showed greenfield lot sales nearly halving and apartment sales at GFC lows; national president Maxwell Shifman called it a warning for governments.
As I told MacroBusiness: “The UDIA’s latest report serves as the ‘canary in the coalmine’ for governments to act now to bring new housing supply online, and ensure affordability does not degrade even further”
MacroBusiness, 31 March 2023 — Read the full article