According to The Australian Financial Review, faster and more sustainable buildings will help make housing cheaper, but without reforms to planning processes to speed up the supply of new land, Australia’s affordability problem will keep harming the country, industry leaders say.
A surge in single-person households and the return of migration-driven population growth that will leave the country with a 163,400 shortfall of dwellings by 2032 made technology and planning improvements crucial, Mirvac chief executive Susan Lloyd-Hurwitz and Boral CEO Zlatko Todorcevski said.
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