Original article by Michael Bleby
The Australian Financial Review – Page: 25 : 9-Nov-23

Property developers and builders have warned that the pipeline of publicly-funded infrastructure projects will make it hard to achieve the federal government’s revised target of 1.2 million new homes by 2029. This target is already uncertain, given that the number of housing starts fell to just 40,720 in the June quarter, which is its lowest level in a decade. Master Builders ACT CEO Michael Hopkins notes that the house construction sector is competing with infrastructure projects for the limited supply of labour. He adds that the construction sector will require an additional 500,000 workers nationwide by November 2026, including 7,000 in the ACT.

CORPORATES
MASTER BUILDERS’ CONSTRUCTION AND HOUSING ASSOCIATION OF THE AUSTRALIAN CAPITAL TERRITORY