- The NSW government insists change is on the horizon. Housing completions are only now recovering from a seven-year slump and we will see results in the next few years, according to the latest NSW Intergenerational Report.
But economists, urban planners and community groups disagree, and this week wrote an open letter urging the government to go beyond supply as its sole strategy for moderating house prices. It is the first time property developers, non-profit organisations, the finance sector and universities have united to call for action on affordable housing.
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Building more houses won’t fix housing affordability, experts say. Photo: Paul Rovere