by Sanjeev Sah | Apr 25, 2023 | Market Updates

Australia is facing a shortfall of more than 106,000 homes over the five years to 2027, according to the National Housing Finance and Investment Corporation. 

NHFIC’s State of the Nation’s housing report for 2022-23 said housing affordability and supply is likely to remain challenging for some time. 

That’s because a much stronger than anticipated recovery in population growth and overseas migration had coincided with low supply, caused by decade-high construction costs and significant increases in interest rates. 

The below image shows some of the key findings from NHFIC’s report.