Lack of Homes Chalked up to Red Tape, Lower Productivity Causing 80 Percent Longer Build Times

The housing sector faces 4 critical challenges: complex and slow approvals, a lack of innovation, insufficient scale, and workforce shortages.

Two bricklayers work on a new home in Albany, Western Australia, on July 5, 2024. Susan Mortimer/The Epoch Times

As Australia’s housing crisis continues to dominate discussions ahead of the upcoming election, a new report from the Productivity Commission paints a grim picture for the sector.

In the last three decades, the construction sector has faced a dramatic downturn, with physical productivity dropping by 53 percent.