Housing affordability crisis worsens in “unhealthy” market

The National Housing Supply and Affordability Board have released their first report, which reveals just how deep the crisis engulfing Australia's housing system is. And the government is unlikely to meet ambitious new housing targets.

A ‘Leased’ sign is seen near an apartment block in Canberra, Friday, April 12, 2024. (AAP Image/Lukas Coch) NO ARCHIVING Credit: LUKAS COCH/AAPIMAGE

Housing affordability in Australia is already at crisis levels.

The first report from the National Housing Supply and Affordability Board, set up in December 2023 to provide expert advice, found that the conditions will worsen further in the next six years.

Exterior of one of the housing commission towers in North Melbourne Source: SBS

SBS has spoken to experts who say that much still needs to be done to stimulate development and protect the most vulnerable groups.

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