A new report released today reveals that by 2013, Sydney will have up to 85,000 less homes than promised by the NSW Government's Metropolitan Strategy, released in 2005.
The Federal Government needs to clarify its plan to impose 'civil penalties' on people selling homes when the purchaser has breached foreign ownership rules, according the Urban Taskforce.
The decision by the Council of Australian Governments late yesterday to take action on the poor state of Australia's housing supply has been welcomed by the Urban Taskforce.