Fix housing supply fast in Australia: property chiefs said

According to The Australian Financial Review, Australia’s senior property leaders have warned that another housing crisis is being “baked in” with state and local government planning bottlenecks choking the supply of new homes and putting renewed pressure on affordability as population growth recovers.
While housing commencements surged 25 per cent to 229,000 last year, courtesy of the Homebuilder stimulus, the balance is already swinging back the other way, with new housing supply squeezed by planning restrictions and exacerbated by delays caused by materials and labour shortages.
As migration gradually returns to its pre-pandemic levels, the number of households will soon exceed the number of homes available, according to analysis by the National Housing Finance and Investment Corporation. That deficit in accommodation needed will emerge by 2025. The number of households exceeding new supply is forecast to rise to a cumulative 163,400 homes by 2032.

https://www.afr.com/property/residential/fix-housing-supply-fast-property-chiefs-20220606-p5ark3