The federal government’s National Housing Finance and Investment Corporation (NHFIC) has released its State of the Nation’s Housing 2021-22 report, which warns that young Australians are being increasingly locked-out of the nation’s housing market:
An unintended consequence of robust housing markets over the course of the past year has been deteriorating affordability for many renters and first home buyers. This reinforces the need for an ongoing strong pipeline of new housing, but also improved provision of social and affordable housing…
Affordability for renters and first home buyers deteriorated across most cities and regions in 2021. Rents are likely to continue to rise in the near term as international border restrictions are relaxed…
