Building black spots: The suburbs running out of new homes

1 day ago 10

The gap is widening between the number of people who want homes and the pipeline of properties to house them, with new data revealing a shortage of 88,809 approvals over the next three years. According to an analysis of Australian Bureau of Statistics data commissioned by Bolst Property Group, Collingwood in Victoria has the biggest building black spot gap between new residents and building approvals in the nation, suggesting a housing shortfall. According to the report, the suburb had 1554 new residents between 2022 and 2025, with an estimated dwelling demand of 818 to house them. From 2023 to 2025 there were only 40 dwellings approved, leaving an estimated approval gap of 778, which equates to a shortfall of 130 homes per 1000 estimated homes. For the 2025/26 financial year, there were only 21 Collingwood approvals granted. HOW YOUR STATE MEASURES UP ‘Massive alarm bell’: Vic’s housing crisis just got worse Queensland scores the one building prize it didn’t want ‘Building black spots’: where Sydney home supply is falling short SA’s massive housing supply shorftall fevealed Western Australia’s Claremont faced the next biggest shortfall, with 1294 new residents between 2022 and 202...

Read Entire Article