The chair of the government’s National Housing Supply and Affordability Council (NHSAC), Susan Lloyd-Hurwitz, who is a former chief executive of property developer Mirvac, has warned that Australia faces a generational housing crisis.
Lloyd-Hurwitz said that while there is no easy fix to the housing crisis, governments “should be building more social housing to take pressure off people at the low-income end of the market”.
She said there was agreement among attendees at last week’s economic reform roundtable that property tax settings were skewed in ways that made the affordability problem worse.
