Housing to remain unaffordable for at least 25 years: report
THE Northern Rivers will continue to experience major issues with housing affordability for at least the next 25 years, says a new report.
A soon-to-be-released study from North Coast Community Housing Company has found the problems will have the most impact on people with lower incomes.
The organisation's general manager, John McKenna, said it was a worrying trend.
"The outlook for our region is not good," he said.
"All levels of government need to realise that they have a role to play in addressing these issues."
Mr McKenna said there was a "double whammy" for those in the Northern Rivers.
"We have low incomes. We're talking about $903 a week for people in Ballina and $714 in Kyogle, compared to wages like $1173 on the Gold Coast, $1400 in Sydney and about $1400 in Brisbane.
"On top of that, there is a severe lack of affordable housing."
Housing Action Network's chief executive Dr Tony Gilmour wrote the Northern Rivers Regional Housing Study.
"Byron, Ballina and Tweed LGAs are already among the most unaffordable in regional NSW," he wrote.
"Predicted high levels of migration to these areas will lead to escalating housing prices, unless there is a large amount of additional supply.
"Any worsening of the affordability of home ownership, which is already very limited, will put further pressure on rental markets.
"Much of the more-affordable housing in the study area is not well located for lower income households.
"It is also not close to jobs.
"New housing is generally being built in areas with few facilities and limited public transport access."