In yet another reminder about the housing shortage in Australia, Housing Industry Association chief economist Harley Dale has said that reducing the supply side obstacles that stand in the way of boosting Australia’s new housing stock represents one of the primary challenges facing policymakers in 2010.

“Issues related to land supply, planning systems, infrastructure taxes and charges, credit restrictions, and skilled labour shortages are all artificially restraining the ability of a highly efficient new home building sector from meeting the housing requirements of Australia’s growing population,” Mr Dale said.

“Australia currently has a housing shortage in excess of 110,000 dwellings. That figure is in danger of exceeding 450,000 dwellings by 2020 unless urgent action is undertaken to reduce the considerable supply side obstacles preventing Australia from building the number of homes required,” he said.

This is one of the major reasons why house prices in Australia continue to grow with another being the fact that the majority of the population is clustered around a very small number of big cities.

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