Australian Affordable Housing Report - …

PB Australian Affordable Housing ReportENVIRONMENTAL SCAN 2017-18 32 From the PowerHousing Chair ..3 Introduction ..5 Executive Summary ..6 Affordable Housing Report environmental scan 2017-18 ..71. National Economic Indicators ..92. National Housing Indicators ..153. National Affordability Measures ..254. Innovations in Affordable Housing ..35 Affordable Housing Conclusions ..37 Sources ..38 Behind the Australian Affordable Housing Environmental Scan ..39 Contents 32 The indicators analysed within the Australian Affordable Housing Report 2017 18 show that the nation is in a unique position - where new Housing supply sits at record levels while, at the same time, double digit average increases in house prices in a number of capital cities have been occurring concurrently over the past seven to 10 prices in places such as Sydney are yet to adjust to this new supply, which impacts particularly for those at the lower income end of the market. That said, in the last 12 months New South Wales has started building 40,000 more homes than the total commencements the state had in 2009, so a catch-up on low Housing delivery in previous years has begun but has yet to restrain rising house affordability as an issue of public debate in the media, by governments and in the community at large is at an all time high.

2 3 The indicators analysed within the Australian A!ordable Housing Report 2017–18 show that the nation is in a unique position - where new housing supply sits at record

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  Australian, Housing, Affordable, Australian affordable housing, New housing

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