Overview

• Cotality analysis shows about 30,000 approved dwellings have yet to start construction, highlighting a build-phase bottleneck
• National data reveal 219,000 homes under construction with average completion timelines stretching from six to more than nine quarters
• Post-COVID material cost surges and a 53% decline in residential construction productivity since 1995 are compounding delivery delays
• Industry experts are urging adoption of modular construction, streamlined worker mobility and other productivity measures to accelerate home builds
• Policymakers are exploring demand-side tax changes, including winding back negative gearing and capital gains concessions, to relieve pressure on the housing pipeline