Master Builders CEO warns Labor’s housing target is at risk
Denita Wawn, CEO of Master Builders Australia, has issued a stark warning to the federal government as it strives to deliver 1.2 million new homes by 2029. Wawn cautioned that the private sector has effectively conceded it is “too costly to build” in the current environment, posing a significant threat to the government’s ambitious housing agenda.
Construction costs and market pressures stall new builds
Wawn’s comments come amid growing concerns that escalating construction costs, labour shortages, and ongoing supply chain disruptions are making it increasingly difficult for developers and builders to commence new projects. The private market’s reluctance to invest in new housing developments is a major setback for first home buyers and those seeking affordable housing options.
First home buyers face mounting barriers
With the cost of building at record highs, prospective first home buyers are finding it even harder to break into the market. Industry analysts note that without urgent action to address cost pressures and boost supply, the gap between housing demand and availability will continue to widen.
Calls for urgent government intervention and reform
Master Builders Australia and other industry leaders are calling for immediate government intervention to address the root causes of construction inflation, streamline planning approvals, and support workforce development. Wawn emphasised that without these reforms, the nation risks falling far short of its 1.2 million homes target.
Outlook: Housing target remains under threat
As the federal government faces mounting pressure to deliver on its housing commitments, the construction industry’s warning highlights the urgent need for coordinated policy responses to restore confidence, reduce costs, and ensure more Australians can access affordable homes.
