It has also recommended a review of the Residential Tenancy Act, including the potential for rent control provisions, and a key performance indicator included in the government's housing action plan that measured outcomes against decreases in the public housing waiting list.

The committee has recommended the government make a long-term commitment to funding programs that assisted people leaving correctional facilities into secure housing.

In all, the final report contained 61 recommendations.

Committee chairwoman Alison Standen said the committee found that increased private rental costs in particular had impacted living standards.

"The key finding of the report is that for the last five years, the market for housing affordability and availability has deteriorated significantly," she said. "Whatever the investment, whether by government or by the private sector, it hasn't been enough.

"There has been a significant deterioration of housing which hasn't met demand."

Ms Standen said the committee had made particularly strong recommendations in regards to regulation of the short-term accommodation sector.

"This committee had recommended stronger action, immediate action to put a freeze on short-stay accommodation permits, particularly in areas where there are very tight housing markets," she said.

The government did not produce a dissenting report with the final report besides having a member, John Tucker, sit on the committee.

Housing Minister Roger Jaensch said the government would provide a formal response to the report once it was fully considered.

He said at a first glance, many of the recommendations suggest actions that were already underway.

"The government has a strong pipeline of construction which will see hundreds of social houses come online during the next 18 months," Mr Jaensch said.

He said the government's position on short-stay accommodation had not changed since it passed laws in relation to the sector last year.