Regions Still Hot

Demand has not yet eased for property in Australia’s regions with new Housing Industry Association (HIA) data labelling the move from city to country a “sustained trend”.

The Housing the Regions report, says the movement stronger than it was during the height of the pandemic.

The growing demand means housing policies need to deliver more to regional Australia the report says.

“This shift highlights the importance of the need for appropriate investment in the regions to bolster services, skills and infrastructure needed to support a growing population,” it says.

HIA Chief Executive of Industry and Policy Simon Croft says three things are hampering delivering more housing in regional Australia:

• Access to shovel ready land
• Lack of investment in enabling infrastructure for new housing estates
• Construction worker shortages

“There are now 8.5 million people living in regional Australia,” he says.

“This shift in population highlights the importance of the need for appropriate investment in the regions to bolster services, skills and infrastructure needed to support a growing population.”