Why the surge in home construction will do little to address affordable housing

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Following a two-year slowdown in housing construction, the boom is back, with a record number of houses being developed. But it’s not likely to fix Australia’s shortage of affordable or social housing, despite government investment. Labor, land and material shortages continue to slow down construction, while interest rates will keep rental costs high.

While more investment is always needed, simply throwing money at more housing won’t fix Australia’s housing crisis.

+INFO: Crikey


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