Demand for australian property set to continue

Demand for Australian property is set to continue, according to figures from ABS.

The projections show that Australia’s population will near 26 million by 2020 and 29 million by 2030 at the very least.

“The ABS projections send a clear message to policy makers around the country. Ensuring that the supply of new housing can meet the needs of a growing population is an urgent and ever-present policy priority,” commented Geordan Murray, Economist at the Housing Industry Association.

“Access to appropriate and affordable housing is a very important factor in maintaining the standard of living expected by the community.... [It] will require a considerably higher average build rate than what has occurred over the last 20 years and that won’t happen without a concerted and cooperative focus on policy reform.”