REA Group Director of Economic Research Cameron Kusher says it will be “very tough” to build 1.2 million homes over the next five years after the government announced its $3.5 billion housing scheme. “I think one million was already quite aspirational and unlikely to be achieved,” Mr Kusher told Sky News Business Editor Ross Greenwood. “We’ve got to build a significant number of homes – 240,000 homes every single year – we’ve never consistently gone close to building that many homes. “So do we even have the capacity to build this much? Finance-wise, do we have the finance to allow developers and construction companies to build this?” In partnership with REA.
REA Group Director of Economic Research Cameron Kusher says it will be “very tough” to build 1.2 million homes over the next five years after the government announced its $3.5 billion housing scheme.
“I think one million was already quite aspirational and unlikely to be achieved,” Mr Kusher told Sky News Business Editor Ross Greenwood. “We’ve got to build a significant number of homes – 240,000 homes every single year – we’ve never consistently gone close to building that many homes. “So do we even have the capacity to build this much? Finance-wise, do we have the finance to allow developers and construction companies to build this?”
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