Brickworks chief proves housing supply shortage is a myth

Brickworks CEO, Lindsay Patridge, has shown how claims that Australia is ‘not building enough homes’ and that a ‘lack of supply’ is behind our housing affordability woes are complete and utter rubbish. Below is an extract transcript from a weekend interview aired on Sky News:

Business Editor Ross Greenwood:

“You’ve gotta have demand to build the houses… After the housing boom that Australia has enjoyed, it’s been a situation where now there is a shortage of houses, especially if immigration goes up. But oddly enough, to build those houses, you need immigration to rise.