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MBA: More than 9 million homes needed over 40 years

By James Brown

Master Builders Australia Chief Executive Officer Wilhelm Harnisch commented on the Intergenerational Report released earlier this month, pointing out that the figures have highlighted the need for more than 9 million homes to be constructed nationwide over the next 40 years in order to keep up with the growing population. 

This could offer investors interested in constructing Caboolture real estate an opportunity to expand their portfolios into Queensland, which is expecting to see some strong construction figures in the coming months. 

Mr Harnisch said the nation will need to more than double the current level of houses available if the anticipated annual population growth rate of 1.3 per cent occurs over the next 40 years. 

"The key challenge will be to tackle intergenerational housing affordability in order to preserve home ownership as a fundamental pillar of Australian economic and family life over the next 40 years," said Mr Harnisch in a 5 March statement. 

Furthermore, the increasing popularity of multi-unit dwellings – especially amongst baby boomers looking to downsize in their retirement – could also be worth taking note of. Now could be a great time to begin pursuing your own investment goals in Caboolture today. 

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