Strategic Property Group managing director Trent Fleskens warned that it is highly unlikely that the Albanese government’s housing targets would be met, meaning that Australia’s structural housing shortage will inevitably worsen.
“This is a boom fuelled by two things: cost inflation and mass immigration – neither of which are abating to levels our industry can handle any time soon”, he said.
“To reach our target of new homes would require us to build at rates we’ve never built at before with the lowest trade base per capita we’ve had in a generation”.
