Housing shortfall likely to worsen

OFFICIAL forecasts for the nation's housing shortage have worsened, with more than 100,000 prospective home buyers already locked out of the market by June 30 last year.

The ongoing gap between demand and supply will be greater than previously feared, as all levels of government and the building industry struggle to keep up with Australia's world-beating population growth.

By 2029, the combined shortfall could reach 500,000 homes and apartments.

The housing shortage is most critical in NSW, which accounts for almost one third of the nation's total population but is contributing less than 20 per cent of the nation's new dwelling starts at the moment.

For more on this article go to The Australian