Why Australia is falling behind the world in building houses

According to The Australian Financial Review, housing development approval waiting times have blown out to four months in Victoria and NSW, exacerbating a housing supply crisis that is driving up rents and house prices.
State and local council agencies in Victoria and NSW are the slowest in the country, with average development approval waiting times at 144 and 114 days respectively, federal Treasury said in a new analysis of the housing market.
The numbers show that development and planning approvals are getting worse, despite political promises to act on housing supply.

https://www.afr.com/property/residential/the-reason-australia-is-falling-behind-the-world-in-building-houses-20240524-p5jg99