IN 2024, just 168,050 new homes began construction in Australia, the lowest level in over a decade, according to HIA Chief Economist Tim Reardon. He warned that the loss of skilled workers to other sectors threatens future building capacity. Australia must build over 250,000 homes annually to meet housing targets. Reardon urged immediate government action to reduce taxes and fees, alongside long-term reforms in land supply, infrastructure, planning, and taxation.
NEW HOMES BUILD AT LOWEST LEVELS
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Michael Walls
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