Federal and State Governments keep setting completely delusional home building targets.
Talk is cheap but when in reality, the costs associated with building a home are prohibitive and the huge increase in taxes, have had a major detrimental effect on the housing market.
There’s a major lack of confidence in both governments ability to manage and plan the nation’s building industry.
Huge increases in taxes, particulary in Victoria has seen off 1000s of investors who would normally build a second or even a third home as an investment. These homes would have been for the rental market, therefore helping the housing / rental crisis.
The sad thing is that the building industry drives a large part of the economy.
Make it friendlier, easier, and more viable to invest in home building and watch the nation’s housing industry boom.
