Migration crucial to drive new housing recovery: UDIA
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The Urban Development Institute of Australia has called on the federal government to restart its skilled migration program later this year to support new dwelling demand and residential construction activity after the greenfield housing market and inner-city apartment sector forged “radically different paths” in 2020.
Boosted by the HomeBuilder program and a growing preference for detached housing away from the city, sales of greenfield housing lots in the outer suburbs nearly doubled in 2020 to 53,760 as the sector swung into “full capacity” in the second half of the year, according to the UDIA’s annual