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A group of local builders met with several Dubbo realtors to discuss concerns about the housing shortage in the area. The Resident Builders Group (RBG) met with members of REINSW-Orana Division (REI) to discuss the continuing shortage of residential housing opportunities in Dubbo. The two groups will meet with the Dubbo Regional Council on November 29, and spokespersons for both groups are eager to address current issues. “The first meeting of the Dubbo Regional Council Reference Group is welcome,” RBG spokespersons Brad Acheson and REI’s Bob Berry said in a joint statement. ALSO READ: “It is hoped that the formation of a working group of the two real estate organizations will help the Dubbo Regional Council address the current housing under-supply in Dubbo.” Independent residential builders are increasingly concerned with the current supply of land to meet the demands of homeowners looking to build in 2022, says Acheson. While on the real estate front, rental demand is huge in Dubbo right now. which puts pressure to increase the supply of investment houses in which tenants can move into. A housing reference group proposal emerged from the Housing Availability Forum of the Dubbo Regional Council of Residential Housing Actors held in June. The main focus of the Reference Group will be to assist the council by informing them of market movements and demands as new developments create housing demands in the future. Both RBG and REI believe that some big Dubbo developers have construction contracts until 2023, indicating demand for available housing lots. Our journalists work hard to provide local and up-to-date news to the community. Here’s how you can continue to access our trusted content:

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