Housing Shortage Set to Hit 35 Million in 2050

Make no mistake, the much claimed Australian housing shortage will also be seen as a myth after our housing market crashes. The Australian market is making the same mistakes as the US.

But take a look at those numbers from the HIA again. If today’s housing shortage is 109,000, and the figure in 2020 will be 466,000, that works out as an annual growth rate of about 15.6%.