Property Council Group Chief Executive Mike Zorbas said the fact that industry expects to build less homes than the long running historical average in a housing crisis should ring alarm bells.
“We must build our way out of the housing crisis. And that needs governments to come to the table with the right planning and tax settings,” Mr Zorbas said.
“Although we are just a few months into the national target window of 1.2 million new homes by 2029, we will fall short by a third in year one.
“We need all parliamentarians to walk the talk on planning and investment boosts for the last-mile infrastructure and accelerating purpose-built student accommodation and retirement living communities.
“Equally, Senate amendments proposed by us, the Community Housing Industry Association and National Shelter can deliver 105,000 rental homes over 10 years, including an immediate 1,200 affordable homes,” he said.
Mike Zorbas
Chief Executive
Property Council of Australia
Procore / Property Council Industry Sentiment Survey results
The Procore/Property Council Survey gauges the property industry’s:
- sentiments about the outlook for Australia’s national and state / territory economies
- views on property asset class performance
- employment intentions
- expected workflows
- critical industry drivers.
The survey canvasses the views of owners, developers, agents, managers, consultants and government across all major industry sectors and regions.
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