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Australia has a ‘thousand levers’ to pull to increase new home supply

Michael Bleby
Michael BlebyDeputy property editor

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Australia needs to boost migration of skilled tradespeople as one of “1000 levers” the country has to pull to improve productivity and increase the delivery of new housing, says Mirvac’s development head, Stuart Penklis.

Housing starts were at their lowest level since 2012 and with public infrastructure projects still drawing in skills and materials, industry and governments needed to create an environment that made it easier to build more housing, Mr Penklis said on Monday.

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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com

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    Original URL: https://www.afr.com/property/commercial/australia-has-a-thousand-levers-to-pull-to-increase-new-home-supply-20240823-p5k4xx