Victoria’s push to build 800,000 homes over the next decade will require an extra 50,000 workers, putting the state in competition with NSW and Queensland that are also trying to boost their workforces to increase housing and prepare for the 2032 Olympics, consultancy RLB warns.

The run rate of 80,000 homes every year – part of a bigger goal outlined by Labor Premier Daniel Andrews on Wednesday to build an additional 2.24 million homes by 2051 – would create a demand for workers that boosts inflationary pressures and increase the risk of further insolvencies, RLB director Domenic Schiafone said.