Australia is currently facing a deepening housing affordability crisis, with a decline in new investment in residential property. This worrying trend has raised concerns about the future supply of rental properties and the availability of housing, according to the Real Estate Institute of Australia (REIA) President, Ms Leanne Pilkington.
The decline in new investment in residential property is a cause for concern as it directly impacts the rental market and the availability of housing options. With fewer investors entering the market, there is a risk of a shortage of rental properties in the future. This could lead to increased rental prices and limited options for those looking for a place to live.
The Real Estate Institute of Australia (REIA) is closely monitoring the situation and has called for measures to address the housing affordability crisis. It is crucial for the government and relevant stakeholders to work together to find solutions that promote investment in residential property and ensure the availability of affordable housing options.
To learn more about this issue, you can read the full media release from the Real Estate Institute of Australia (REIA) by clicking here. It is important to stay informed about the current state of the housing market and the steps being taken to address the affordability crisis.
