The lobby group is keen to use touted state-federal co-operation to bring in reforms that will reduce development hurdles.
Bright outlook: The sun is shining on the apartment sector once again, Master Builders Australia says.The forecasts, which predict a peak in housing starts over the next five years of 241,000 in the 12 months to the end of June 2027, are more optimistic than recent data suggests.in July as numbers for detached homes and apartments, semidetached and townhouses fell, official figures show.
Last month’s national cabinet meeting agreed on a package of $3 billion in “performance bonuses” to encourage jurisdictions to speed up land release, planning and approval processes, and this marked a collaborative break from the past, Ms Wawn said. The value of residential building work done peaked at $74.9 billion during 2021-22 and will bottom out at $63.3 billion in 2023-24 – the year housing starts trough at 170,000 – before bouncing back to $85.9 billion in 2027-28, the MBA says.
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