Construction sector under siege as builders working harder, paying more, producing less
Without systemic and decisive change, the building sector faces a slow decline that will only worsen the housing crisis.
A shift from traditional building techniques, such as this townhouse development in Melbourne, are needed if the construction sector is to overcome productivity declines. (Image source: Elias Bitar/Shutterstock.com)
The construction sector is working harder and paying more for materials, yet producing fewer homes.
The result is higher housing costs that push homeownership out of reach for many Australians – today, more and more Australians can no longer afford to own or rent in most markets.
As affordability falls and supply dwindles, governments are pressuring builders to deliver faster. Builders, in turn, must contend with inflated material costs and a s…
