In short: The Real Estate Institute of Queensland says high-paying government projects are pushing up the cost of construction.
An economist says growing wages are a contributing factor, but growing material costs, labour shortages, and excessive government regulations are in the way of development.
What’s next?: The government has vowed to build 55,000 social houses by the year 2046.
Crazy how the wealthiest people in society are all those over paid tradies
The only shining light in the housing affordability debate in Australia is when an economist gets the mic on something like Q&A and says the causes are juiced immigration and the tax code. But the other panellists invariably squirm, and the host obligingly steers the conversation back to a place where all the propagandists feel safe.