Australian Housing Market to Fall Short 106,000 Homes by 2027

Australian Housing Market to Fall Short 106,000 Homes by 2027
A real estate sign is seen at property in Marrickville in Sydney, Australia, on Sept. 6, 2022. Lisa Maree Williams/Getty Images
Alfred Bui
Updated:

New housing modelling has painted a bleak outlook for Australia’s aspiring homeowners in the coming years as interest rate hikes and a surge in population growth are exacerbating housing shortages across the country.

According to the latest modelling released by the National Housing Finance and Investment Corporation (NHFIC)–a federal agency tasked with improving housing outcomes, Australia is expected to fall short of 106,000 dwellings by 2027.
Alfred Bui
Alfred Bui
Author
Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].
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