NewsBite

Opinion

Jennifer Hewett

Why builders aren’t building enough homes

Growing numbers of Australians can’t find or afford homes to rent or to buy. Surging immigration and falling new supply is worsening a housing crisis that few politicians want to discuss.

In Australia’s weirdly distorted housing market, everything’s relative – particularly in the country’s biggest cities.

So one real estate agent in Sydney’s densely populated eastern beachside suburbs points to the possibility of a slight decrease in the unmet demand for rentals last weekend by saying “only” 85 people looked at the agency’s six properties available. Even that, she thinks, is more likely a temporary lull because of the Easter holiday period.

Loading...
Jennifer Hewett is the national affairs columnist. She writes a daily column on politics, business and the economy. Connect with Jennifer on Twitter. Email Jennifer at jennifer.hewett@afr.com

Read More

Latest In Residential

Fetching latest articles

Most Viewed In Property

    Original URL: https://www.afr.com/property/residential/why-builders-aren-t-building-enough-homes-20230403-p5cxlt