Five fixes to the housing crisis – from smaller homes to more builders
From more migrants with building skills to incentivising different types of housing, three chief executives give their suggestions on how to develop more homes.
Australia is on track to fall short of its five-year target of building 1.2 million homes – and the issue of making housing accessible and affordable will stay firmly on the radar in the lead-up the next federal election due by May.
“The actual individual solutions are not complex, it’s the interdependencies and the execution,” said Commonwealth Bank chief executive Matt Comyn of how the country could overcome the crippling shortage of homes.
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Campbell Kwan covers commercial and residential real estate for The Australian Financial Review, based in the Sydney newsroom. He was previously the breaking news reporter. Email Campbell at campbell.kwan@afr.com
James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
