It’s time to say yes to housing

21 October 2024

Business has a deep interest in ensuring the availability of well-located, well-serviced homes for employees.

Without reasonably priced and suitable housing, we limit our economic growth, curtail labour mobility and risk our future prosperity.

While there has been a renewed supply focus, and some action from both state and federal governments, housing remains an acute challenge across Australia. That’s why, in 2024, business is asking governments and communities to say yes to housing.

Australia needs to build 1.2 million homes over the next five years to address the national housing supply crisis.

Last financial year Australia completed around 176,000 new homes, some 64,000 short of where we need to be if we are going to meet the five year target going forward.

The solutions to this are:

  • Upzoning of land and fixing zoning systems.
  • Efficient project approval processes.
  • Infrastructure that supports housing supply.
  • Fixing taxes that impact on supply and mobility.
  • Addressing labour and materials shortages.
  • Tackling criminal behaviour on building sites, and building our skills base.

Read our full report here.

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