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Housing supply crucial for future development

By James Brown

Housing construction continues to be touted as an intrinsically important aspect of Australia's future economic growth. And the latest Intergenerational Report released by the Australian Treasury has shown what the country needs to do in order to house the increasing population over the next 40 years. 

This could be a great glimpse into the future for those considering investment in Caboolture real estate, with Housing Industry Association (HIA) chief executive for industry policy and media Graham Wolfe stating that the growing and ageing population is anticipated to reach almost 40 million by 2050. 

"Housing is the bedrock on which all other facets of society are built. Without shelter, families and individuals cannot participate in the economy to their full potential," said Mr Wolfe in a 5 March statement. 

He went on to say that achieving this would not only help to house the growing number of residents nationwide, but also provide jobs and employment opportunities for people across the nation. 

Furthermore, the flow on economic effects would do wonders to help boost the national economy. With this in mind, taking the time to consider investment in real estate over the coming years could be a wonderful way to save towards your own future while also helping to stimulate Australia's growth. 

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