Skills shortage: Housing developers hope infrastructure cuts free up trades capacity
Infrastructure is critical, but right now housing is the most critical infrastructure, economist Nerida Conisbee says.
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Infrastructure is critical, but right now housing is the most critical infrastructure, economist Nerida Conisbee says.
Analysts expect residential construction to fall next year, which is a worry because a housing supply squeeze can lead to higher rents and ultimately inflation.
Calls are getting louder for Treasurer Jim Chalmers to ease the financial burden on Australians, following the 13th Reserve Bank interest rate rise in 18 months.
Nerida Conisbee, the Ray White Group's chief economist, said Labor's plan to build 1.2million homes by mid-2029 would be unlikely to succeed because it's never been done before.
They say the relatively low supply of listings and the resurgence of buyers could list prices by as much as 8 per cent nationally.