Welcome to CoreLogic’s housing market update for December 2024.
Report
Housing availability and affordability continue to be enormous societal and policy challenges. Scalability is crucial for success.
Comments attributable to Andrew Irvine, NAB Group CEO:
“Simply put, housing is one of Australia’s biggest issues, and one of our biggest opportunities.
Housing availability and affordability continue to be enormous societal and policy challenges. Scalability is crucial for success. At NAB we are partnering with community housing providers, developers, government and investors to increase the supply and quality of social and affordable housing. While progress has been made, we need to work together with urgency and innovation in both the type of housing and methods of construction to continue to tackle this crisis. This needs to include action from all parts of the housing delivery ecosystem such as the three tiers of government, construction and building companies, banks and our communities.
We need innovation in terms of design, modularisation, new construction methods. We also need to build the right types of properties. At NAB we want to be part of the solution and we are eager to work with partners in the ecosystem to make sure we see real change in the near future. That’s why we’re making good progress on our plan to deliver $6 billion of support to more affordable and specialist housing by 2029.”
Australian Housing Accessibility Challenge.
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