Australia’s immigration policy is driving housing shortages

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Mirvac’s development head, Stuart Penklis, has called for more immigration of skilled tradespeople:

“We have been advocates of looking at skilled construction labour complementing the labour that we have here in the country to assist in delivering the workbook and future housing”, Penklis told The AFR.

“It continues to be extremely challenging, particularly as we still see significant infrastructure projects under way. In some of the smaller states that don’t have the depth of pools of labour, it’s a real barrier to delivery”.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.