KPMG analysis of ABS data found 37,000-plus approved dwellings had not started construction, nine per cent above the five-year average — housing for nearly 100,000 people. Melbourne's stalled pipeline rose 25 per cent in the December quarter, with Intrapac's Max Shifman saying townhouses are unviable unless built at scale.
As I told the Australian Financial Review: “We need to speed up zoning, planning and building approvals, reduce labour costs, improve productivity and create meaningful incentives for dwelling construction”
Australian Financial Review, 28 May 2024 — Read the full article