Investors Needed To Fix Housing Crisis
Mum and dad investors are the ones who can help improve the current national rental crisis,
an industry forum has been told.
The forum of developers, property owners and managers, tenant representatives and
policymakers, was convened by the REA Group to discuss the housing and rental crisis.
It has called for reforms to drive better outcomes for renters through encouraging
The Federal Government has already committed to increase supply by 1.2 million houses in
the next five years.
The number of new homes being built fell substantially during COVID and has not picked up
again, with some builders collapsing due to rising costs and difficulties finding workers.
Mirvac chief executive of development, Stuart Penklis, says all levels of government need to
work together, alongside industry and the community, on a coordinated plan and approach
to help unlock a diverse range of housing across the country.
“We need all types of housing to solve this crisis,” he says.