Wednesday, 27 September 2023
Virtual Event - Link to be provided upon registering.
The NSW Productivity Commissioner has recently published two reports on housing affordability. He reported that housing supply in NSW has not kept up with increases in demand, resulting in consistent upward pressure on house prices and rents. The NSW Department of Planning and Environment estimates NSW will require approximately 900,000 additional dwellings by 2041.
The Commission found that the greatest effect on house prices could be achieved with a planning process that increases housing density in areas of highest demand, particularly in areas closest to the Sydney CBD. Doing this would require changing current regulations on building houses in ways that allow more people to build more homes in the right places. This report was soon followed by another on the infrastructure costs of urban sprawl, a topic much debated over the last few decades.
The report recommended:
Keaton will take us through the research that underpins the Productivity Commissioner’s reports and consider where we go from here.
Keaton Jenner Principal Economist, NSW Treasury
Keaton is a former Research Economist at the Reserve Bank of Australia and now Principal Economist at NSW Treasury. He has been studying housing cost for many years and is the author of RBA research papers on housing cost.
Michael Neustein, Chairman, AIUS NSW
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