Why Victoria is set to run into shortage of land for new homes

Victoria could soon run into a land shortage to build new homes.

New research has found Melbourne is facing a housing deficit of about 9000 new dwellings a year.

Press PLAY below to find out what’s driving the problem

It’s forecast Melbourne will need 1.3 million new homes over the next 30 years.

Joey Maloney, Economist at the Grattan Institute, told Tom Elliott decentralisation away from Melbourne was crucial.

Press PLAY below to hear his insights