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Boosting housing supply critical to warding off further price growth: NAB

Boosting housing supply critical to warding off further price growth: NAB By Maja Garaca Djurdjevic 19 April 2021 | 1 minute read SHARE NAB’s Ross McEwan fronted the economics committee on Friday and called on the government to enact “decisive moves” to increase housing supply, with new data suggesting nearly one in two Aussies believes that now is a good time to buy a home. Following on from CBA’s and Westpac’s committee hearings on Thursday, NAB chief Ross McEwan said on Friday that a supply boost is critical for warding off housing heat, with the bank predicting a boost in prices of at least 10 per cent in 2021.

How pandemic changed the house hunt

How pandemic changed the house hunt The COVID-19 pandemic has dramatically changed what Australian house hunters are looking for in a new property. Property by Anthony Piovesan 16th Apr 2021 9:45 AM More flexible working from home arrangements amid the COVID-19 pandemic are sparking huge changes in the preferences of Aussie house hunters, new NAB data reveals. A lengthy lockdown of Melbourne s metropolitan areas last year prompted a surge of people wanting to buy regional properties. NAB executive, home ownership Andy Kerr said the 2020 pandemic had driven massive change in preferences. For many, the great Australian dream is a spacious home with a nice backyard for entertaining, and it s more affordable in outer suburbs and regional towns than the inner city, Mr Kerr said.

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