The Housing Industry Association (HIA) has joined its pals at the Property Council of Australia (PCA) in demanding the government open borders to temporary migrants and international students to increase housing demand:
New forecasts released today say new home building will fall by almost 50 per cent, putting half a million jobs at risk over the next year, said HIA.
“In 2018/19 the industry engaged over 1 million people to commence building almost 200,000 new homes. Next year we expect to start just 112,000 new homes leaving up to 500,000 jobs at risk,” said HIA’s Managing Director, Graham Wolfe.
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David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
