Building Inflation

The latest government 'deal' is a big-spending, market-distorting, unachievable policy that comes at a hefty financial and societal cost.

Building Inflation
Photo by Callum Hill / Unsplash

If you have any building plans it's probably best to get started right away.

There's more disruption coming to the construction market as a result of a new government policy.

Labor and the Greens have done a deal to establish a $10 billion Housing Australia Future Fund.

Like most lousy policies it's got a grand sounding name designed to lull you into thinking it's a great idea.

On paper it would tick a lot of boxes for the socially aware. The cash has been earmarked for for more public housing to relieve the accomodation crisis gripping the country.

Regular readers would know that the housing crisis has been caused by state and federal government policies, most notably the outrageous level of immigration.

To put it in context, we are adding hundreds of thousands of migrants every year but struggle to build just 165,000 homes due to a shortage of skills and materials.

Economists estimate it would require building 220,000 homes annually just to keep up with existing demand, and it's set to get worse.

That's why if you need a builder, you'd best lock one in.

Read the full story

Subscribe for FREE to read this post and access additional articles and newsletters for no cost. No credit card information needed

Already have an account? Sign in

Great! You’ve successfully signed up.

Welcome back! You've successfully signed in.

You've successfully subscribed to Confidential Daily.

Success! Check your email for magic link to sign-in.

Success! Your billing info has been updated.

Your billing was not updated.