PHOTO: Image: Realestate.com.au
The CEO of the Real Institute of Australia (REIA) has come out swinging at a National Press Club forum on Australia’s housing crisis.
REIA CEO Anna Neelagama said supply, affordability issues, and the proliferation of short-term rental services like Airbnb are creating a housing crisis for regional Australia, according to the chief executive of the Real Estate Institute of Australia.
“We’ve seen in the past years the rise and rise of short-stay accommodation, which has had a particular impact on the regions – some of it positive and some of it not,” Neelagama said.
She said that the National Housing Investment Finance Corporation predicted that the nation would be about 106,000 homes short of the number of homes needed by 2024-2025…