There is no denying the ambition of the National Housing Accord. And with rental vacancy rates stuck at 1%, ambition is precisely what is needed.
Returning the housing market to a healthy state will require a significant uplift in the national dwelling completion rate. That is exactly what the Accord calls for - from 43,000 per quarter to 60,000.
While there are plenty of hurdles to overcome in achieving this goal, labour will be the single biggest supply-side barrier. We will be releasing a comprehensive report on the issue in the coming weeks.
For now, read the SMH/Age article here.