Housing and welfare groups criticise the 2022 pre-election budget's temporary cost-of-living measures as short-term fixes. UDIA national president Max Shifman welcomes funding for migration and housing supply, warning that without more supply the affordability crisis will overwhelm government funding.
As I told realestate.com.au: “The federal government budget delivers on some important areas which will drive the economic recovery, bringing back migration and stripping away some of the barriers to delivering housing supply.”
I also said: “The importance of boosting supply across the housing spectrum cannot be underestimated – without it, the escalating affordability crisis will tip more and more Australians into crisis and overwhelm government funding.”
And I added: “Lack of major and enabling infrastructure is blocking delivery of housing across Australia – these initiatives are crucial to righting the imbalance housing market.”
realestate.com.au, 30 March 2022 — Read the full article