The role of the private sector
The private sector has an urgent role to play to help close the housing affordability gap in Australia. PEXA is on a mission to connect the dots for governments, the private sector and not-for- profits so that all Australians have access to a place they can call home. Hear directly from PEXA’s CEO, Glenn King; Executive Chair of LongView, Evan Thornley; and CEO of .id, Lailani Burra, who share practical new housing solutions to address this issue.
What is driving Australia’s housing crisis?
Australia’s current housing crisis is driven by the nation’s unique demographics and a shortage of available residential land near jobs and services. Without change, the disparity between those benefitting from the property market and those falling behind will only worsen.
Leveraging data to better plan for supply and demand
In partnership with .id, PEXA released its Residential Land Report – the first comprehensive analysis of the release of new land for residential housing. The report provides a unique insight into new land supply in Australia’s largest states and found that while demand continues to outstrip supply, there was $37billion of new land released in eastern states in FY23. This research is yet another way in which PEXA can contribute to issues around solving housing affordability and more specifically, helping LGAs plan for increased housing supply.
Time for new solutions
Everyone needs a home, a roof over their heads. Homes can be refuges from the world, loving places to raise families and the first step on the road to self-reliance and security. Yet it is becoming increasingly difficult to meet this most basic of needs for many Australians. By bringing together a coalition of the willing, across all sectors, we can be part of a broader national response to find new, practical solutions to tackle this current crisis.
Game-changing solutions to address affordable housing
With input from local government and the property industry, PEXA and Housing All Australians are developing Australia’s first digital Affordable Housing Register, designed to help tackle the nation’s housing crisis by unlocking private capital to fund affordable housing projects nationwide. The register will serve as a centralised platform and repository for recording all affordable housing commitments, while providing governments with the ability to transparently monitor the compliance of all stakeholders through the process.
Affordable housing must be a policy priority
Australia’s complex housing market has long faced a range of underlying issues that have made it among the most expensive and unaffordable in the world. Gaining access to reliable data and research to truly understand our national housing market dynamics in real-time is a critical first step in designing responses that are effective and appropriate. PEXA plays a central role in property transactions across Australia and is interested in partnering with government agencies and private sector bodies to enhance data assembly and access to improve Australians’ access to affordable homes.
Unlocking private capital is key
In partnership with LongView, PEXA has produced a series of whitepapers exploring how Australia’s unique property market works. Our data and insights are helping organisations unlock the intel they need to drive change and possibilities.
Part of PEXA
By partnering with the property community and government, the PEXA Group of businesses can help drive practical new solutions to help solve the nation’s housing crisis.
.id (informed decisions)
By studying how cities, towns and regions are growing and changing, .id provides decision makers within government, industry and the community with accurate, accessible, easy-to-use information, which in turn contributes to well planned, sustainable communities.
Value Australia
Bringing cutting edge AI into the property valuation products and services space, Value Australia offers more accurate and interactive property valuation data so homebuyers, investors, businesses and governments can make better informed decisions on the future of our cities.
Land Insight
Land Insight helps government, organisations and individuals to understand environmental risks in relation to land and property by quantifying and evaluating natural hazards, pollution, and ground hazards.
