Australia’s oldest housing developer, AVJennings, has today claimed that the country’s residential sector is in crisis due to a long-term undersupply. From The Canberra Times:
AVJennings chief executive Peter Summers said: “You can see for the best part of 15 years … there has been a continuing undersupply of residential in Australia. You may recall that a couple of years ago, the then federal treasurer Joe Hockey actually made the comment that Australia has a housing crisis. That is absolutely true”.
