Australia’s painful rental crisis will get worse in the coming years, a new report says, due to a shortage in supply of new houses and units caused by costs and ongoing constraints in construction.
In its third report on the state of the nation’s housing for 2022-2023, released on Monday, the National Housing Finance and Investment Corporation (NHFIC) said banks increasing their interest rates earlier relative to the Reserve Bank of Australia guidance had reduced the supply of dwellings.
