Housing shortage 'pushes prices up'

PROPERTY development industry lobbyist Urban Taskforce is calling for "stronger leadership" as shortfalls in housing developments continue to push housing prices up. Urban Taskforce chief executive officer Chris Johnson said National Housing Supply Council annual figures showed Australia was "slipping backwards" in terms of the supply of new housing and NSW was at the bottom of the list with a shortfall of 73,700 dwellings. The report also showed rent exceeded wages growth.  Read More...