Australian Business Leaders Call for Government Action on Housing Supply

‘Government has a role in building houses to help remedy the housing shortage, but it’s housing affordability that is a potential disruptor for our business.’

A general view of homes in the suburb of Balmain is seen in Sydney, Australia, on Sept. 7, 2022. Lisa Maree Williams/Getty Images

Some of Australia’s most prominent business leaders are aiming to put pressure on federal and state governments to implement urgent reforms to solve the nation’s housing affordability crisis. 

Julie Coates, CEO of CSR—a leading supplier of building products—articulated her view that the problem constitutes a supply issue and that the government has a role in alleviating supply constraints to place downward pressure on property prices.