The WA housing market is facing a complex challenge: high demand for housing due to population growth, but a shortage of supply to meet that demand. A recent Curtin University study explores some key issues and proposes solutions for a more balanced market.

Demand Outpaces Supply

One of the main issues is a lack of construction workers. The industry needs more skilled tradespeople like carpenters and tilers to build the new homes that are needed. The study suggests that programs to attract new workers and retain existing ones are crucial to bridge this gap.

Underutilized Housing Stock

Another interesting finding is that many WA homes have more bedrooms than occupants. This underutilized housing could be a potential solution if more people are encouraged to downsize. The report recommends exploring financial incentives to make downsizing more attractive, freeing up existing homes for those who need them.

Matching Needs with Housing Options

The current focus on large, single-family homes doesn’t reflect the needs of all residents. There’s a growing demand for smaller dwellings, like apartments and townhouses, in convenient locations. The report suggests that building a wider variety of housing options would better serve the WA population.

Building a Sustainable Future

The Curtin University study proposes a few solutions to address these challenges. Investing in programs that create a more skilled construction workforce is a key recommendation. Additionally, the report suggests making downsizing more attractive with financial incentives. Finally, it calls for exploring innovative construction methods that are more efficient and sustainable in the long term.