Yesterday saw the release of the National Housing Supply Councils 2011 State of Supply report. The National Housing Supply Council was established in 2008 by the Treasurer and the Minister for Housing to monitor housing demand, supply and affordability in Australia, and to highlight current and potential gaps between housing supply and demand from households.
The 2010 report identified that demand for housing was likely to grow over the next 20 years, with the gap between demand and supply increasing. The report also highlighted concerns with development assessment systems, which has been echoed recently by developers concerned with the extreme amount of red tape and lengthy delays.
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