Australian housing construction costs are too high

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Developers have ridiculed the Minns government’s plan to fix the state’s housing crisis with a Parisian-style medium-density housing blitz.

The transport-oriented development (TOD) scheme, launched by the Minns government, allows low-to mid-rise developments within 400 metres of 37 train or metro stations across Sydney.

However, industry leaders claim that homeowners band together to drive up land prices, while developers struggle to amalgamate plots.

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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.